Gas Prices Near $3 a Gallon Ahead of Summer

The video discusses the rising demand for gasoline, driven by increased travel and economic recovery post-COVID. It highlights the reversal of a pipeline by Phillips 66 to meet demand and the potential for record-high gasoline prices. The supply side is examined, noting the impact of the Texas freeze and European imports. Predictions suggest $3 per gallon nationally and $4 in California. Jet fuel recovery lags behind gasoline, with airports seeing slight traffic increases.

What are some indicators of increased interest in travel this year?

What factors are contributing to the increase in gasoline demand this year?

How has the COVID crisis affected gasoline supply and demand?

What predictions are being made about gasoline prices in the near future?

What role does jet fuel recovery play in the overall fuel market recovery?