Gas prices are sky high and Bank of America warns $120-a-barrel oil is on the way
CNN
Everyday Americans are getting hammered by high prices at the pump, and Bank of America thinks the pain may just be getting started.
Gas prices have surged to a seven-year high of $3.40 a gallon nationally and are flirting with $4 in Nevada, Washington State and Oregon.
Bank of America is now predicting that Brent crude oil, which drives gas prices, will zoom to $120 a barrel by June 2022. That's 45% higher than current levels.
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