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Stock impact report

Gas Prices Are About to Explode Higher Across America [Yahoo! Finance]

POWERSHARES DB OIL INDEX (DBO) 
Company Research Source: Yahoo! Finance
57% year-to-date, ProShares Ultra Bloomberg Crude Oil (UCO) up 74%, and Invesco DB Oil Fund (DBO) up 50%. Overall, the price of WTI Crude has jumped from $66 per barrel on February 20th to $90.90 today. We take a look at how the surging price of oil in financial markets is impacting consumers. Our finding: gas prices soared 16% across America last week alone. We find that if prediction markets prove accurate, the price of gas could soar past $7 per gallon in California by the end of March. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE The conflict in Iran is sending shockwaves through global energy markets, and American consumers are about to feel it at the pump. Oil prices are surging fast, and the question is no longer whether gas prices will hurt: it's how badly. Nate Silver, who is famous for 'calling' the 2008 election, published an article today detailing why gas prices are 'set to go vertical.' Let's dive into just how bad t Show less Read more
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