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Stock impact report

Gasoline Prices Are High And Probably Going Higher [Forbes]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Forbes
Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada. (Photo by Artur Widak/NurPhoto via Getty Images) Americans are feeling pain at the gas pump again, and consensus is rising that the pain won't be easing anytime soon. If traders, analysts and industry executives are right, consumers could be looking back on the current AAA national average price of $3.54 (as of March 28) with nostalgia in a couple of years. Upwardly mobile gas prices are nothing unusual at this time of year. They almost always rise as refineries make the changeover from winter gas blends to the far more numerous summer blends mandated by EPA haze regulations, and many undergo periodic maintenance to be ready for the summer driving season to come. This year, the upward pressure on prices is more intense thanks to global events and market factors creating a kind of perfect storm in the near term, and an even more difficult supply and demand outlook for the longer Show less Read more
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