Gas prices surge as consumers hope for relief

Retail gasoline prices have surged following escalation of the war in Iran, increasing near-term energy-market volatility and pressing on consumers. The geopolitical-driven supply risk raises upside pressure on crude and inflation and could weigh on consumer discretionary spending until supply concerns abate.

Analysis

Retail gasoline prices have surged following escalation of the war in Iran, increasing near-term energy-market volatility and pressing on consumers. The geopolitical-driven supply risk raises upside pressure on crude and inflation and could weigh on consumer discretionary spending until supply concerns abate.