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JPMorgan: The suspension of the US gasoline tax actually pushed up gasoline prices

 Last Update: 2023-02-15
 Source: Internet
 Author: User

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mono long term

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Foreign news on June 23, JPMorgan Chase said that the US government's intervention to artificially lower gasoline prices will offset some of the factors that inhibit consumption, but push up gasoline prices
.
The surge in gasoline prices can only be alleviated
in the long term when refining capacity shortages and other supply-side problems are resolved.
Interventions currently under discussion include cutting gasoline taxes, adjusting biofuel blending requirements, and restricting fuel exports, which instead encourage people to drive more and gasoline prices will fall
only when demand falls.

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