Global growth in 2025 will expand at a modest 2.5% pace as the sluggish recovery from the pandemic continues, according to our forecast. … READ MORE >
oil prices
U.S. gas prices poised to decline by 10% ahead of July 4
Because of supply conditions and easing demand, domestic gasoline prices peaked at $3.67 per gallon for regular on April 18 and have declined since then. They are poised to decline even further. … READ MORE >
Geopolitical tensions and the rising oil risk premium threaten global recovery
Global oil markets are pricing in a risk premium of $7 to $10 a barrel in the wake of Iran’s drone attacks on Israel over the weekend, posing the single largest risk to the current global economic recovery. … READ MORE >
Oil price increase to exert limited impact following attack on Israel
Oil prices surged following the surprise attack by Hamas on Israel and Israel’s counterstrike over the weekend. After a knee-jerk reaction upon the open of trading around the world, prices have been well behaved and should abate as the shock of the attack, as deadly as it is, abates. It … … READ MORE >
Chart of the Day: Falling oil and gas demand implies inflation relief
Falling wholesale gasoline prices imply a decline of 12% in retail gasoline prices in the coming weeks from its current level of $3.79 to roughly $3.34 per gallon. … READ MORE >
Can a price cap on Russian oil work?
The idea of placing a cap on the price of Russian oil leaves the question of enforcement—or how to prevent Russia and other nations from getting around the cap. … READ MORE >
Fuel oil prices reach a tipping point
Rising fuel costs have reached a tipping point, forcing many households to reduce their spending on necessities and threatening to slow the overall pace of consumption. … READ MORE >
Chart of the day: The long-term impact of a ban on Russian energy
The embargo on Russian energy supplies poses serious long-term challenges for the European Union. … READ MORE >
Oil prices and price gouging: Deconstructing the price of gas
The impact of global market forces like the war in Ukraine and OPEC far outweighs whatever influence retailers or refiners have on the prices that consumers pay at the pump. … READ MORE >
The illusion of inventory and price controls in the current economy
Disruptions of supply chains have renewed calls for political authorities to do something about soaring prices. Is this the time for price controls? No. … READ MORE >