Energy Source: US Faces Summer Fuel Price Surge

$6-a-gallon petrol is coming, JPMorgan says.

Justin Jacobs, Financial Times

JPMorgan analysts say U.S. petrol prices could surge well past $6 a gallon as the American summer driving season. (Source:

Prices at the pump have gotten even more painful of late—and things could get much worse.

In the U.S., the national average petrol price topped $4.55 a gallon on May 18, a fresh record high. Diesel is more than $5.50 a gallon at the pump, another record, according to the Automobile Association of America. Prices in the UK and across Europe are at all-time highs too, fuelling a surge in inflation and weighing heavily on the global economy.

Already have an account? Log In

Subscribe now to get unmatched and complete coverage of the Energy industry’s entire landscape!

View our subscription options
  • Access to site wide content
  • Access to our proprietary databases
  • Watch exclusive videos with energy executives
  • Unlimited access to an extensive library of Playbooks, Techbooks, Yearbooks, supplements, and special reports
  • Newly Added! Access to Rextag's Energy Datalink, containing extensive GIS databases of energy assets, production records, processing capacities, physical locations, planned projects, acquisition records, and much more.