Lagging Demand Won’t Keep Gas Prices From Soaring Again

After peaking in early-May at $5.02 per gallon, U.S. national average gas prices have declined for 70 straight days to trade at $3.88 per gallon on Wednesday, marking the second-longest losing streak in two decades. But experts are now warning that consumers should not be lulled into a false sense of confidence thinking the cuts will last. In an interview with Yahoo Finance Live, Rebecca Babin, senior energy trader at CIBC Private Wealth, has warned that two factors could put upward pressure on gas prices: reserves and sanctions. “Even if…