politics

US Gas and Diesel Prices Expected to Rise, According to BofA's Blanch

13 Ağustos 2026Bloomberg

Francisco Blanch, the head of commodities and derivatives research at BofA Securities, indicates that US gas and diesel prices are likely to rise due to low inventories. He highlights China's adeptness at managing energy consumption, positioning it as a significant player in the oil market.
Looking ahead, Blanch suggests that oil prices might decrease in 2027 if stability returns to the Strait of Hormuz.
The commentary comes amid ongoing fluctuations in global oil markets, influenced by geopolitical tensions and varying demand from major economies like China. The Strait of Hormuz is a critical chokepoint for global oil shipments, and any instability there could have far-reaching implications for oil prices worldwide.
Blanch's insights reflect a growing concern over energy supply dynamics, particularly in relation to China's influence as a 'swing buyer.' The low inventory levels in the US could exacerbate price pressures, making consumers vulnerable to potential spikes. Additionally, the long-term outlook regarding the Strait of…

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This article is for informational purposes only and does not constitute financial advice.

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