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Stock impact report

U.S. gasoline prices rise near $3/gallon ahead of driving season [Reuters]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: Reuters
U.S. gasoline prices rise near $3/gallon ahead of driving season | Reuters 4 Min Read NEW YORK (Reuters) - Filling the fuel tank for vacation driving this summer will be pricier than it has been in nearly four years for American motorists, as gasoline prices nationwide rise toward the expected average seasonal price of $3 a gallon. Lower-income consumers could be most likely to rethink their driving habits as pump prices rise, the American Automobile Association said. Prices ease as the peak summer season ends around September, AAA said, but they could remain at seasonal highs not seen since 2014. “For consumers who have constrained budgets, they won’t be able to cope with the additional shock to their household budget after a certain point,” said Devin Gladden, a spokesperson for AAA. This could crimp total U.S. gasoline demand, which has risen for five straight years, even though the current price level does not approach 2008, when the average gallon topped $4. On the eve of the lon Show less Read more
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