There was celebration in the White House overnight when the AAA reported that the average retail gasoline prices fell below $4 a gallon to the lowest level since early March.

Alas, the recent drop in gas prices is unlikely to last, and not just because after dropping to pre-Ukraine war levels, oil has resumed its move higher, with Brent just shy of $100 and expected to move briskly higher...

... now that fears of collapsing gasoline demand have been shelved.

Alas, the recent drop in gas prices is unlikely to last, and not just because after dropping to pre-Ukraine war levels, oil has resumed its move higher, with Brent just shy of $100 and expected to move briskly higher...

... now that fears of collapsing gasoline demand have been shelved.