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Gas Prices Could Hit $6 Per Gallon This Summer — Wall Street Issues Dire Warning

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Gas Prices Could Hit $6 Per Gallon This Summer — Wall Street Issues Dire Warning

WooGlobe - News
May 14, 2026
May 14, 2026 Updated May 22, 2026
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Wall Street analysts at Citigroup are warning that international oil prices could reach $150 per barrel if the Strait of Hormuz remains closed through the end of June, potentially pushing US gas prices to $6 per gallon this summer. National average gas prices are already at a wartime high of $4.39 per gallon following a 47 percent rise since the Iran conflict began, with American households spending roughly $300 more per month on fuel. Economists warn that rising energy costs are feeding broader inflation across food, goods, and services, with the full impact expected to show in the May inflation data WooGlobe Ref : WGA993556

As featured on

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The soaring cost of gasoline is reshaping everyday decisions and inspiring creative workarounds in households across the country.

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