Gasoline prices will stop rising once consumer demand destruction kicks in, according to one energy trader.
“It’s become really evident that the only thing that is going to alleviate these price rises is demand destruction,” CIBC Private Wealth U.S senior energy trader Rebecca Babin told Yahoo Finance Live.
Gasoline keeps hitting record highs as the national average now sits at $4.59 per gallon. Some states are seeing even higher numbers at the pump — $5 or even $6 per…
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