FOXNEWS Americas Newsroom June 4, 2024 14:58:00
Million barrels of consumption per day, 8.8. we're already seeing the high prices causing a low level of demand destruction. i think that demand destruction heats up when gas prices hit over the $5 mark. 2008 we hit $4.10 a gallon. the equivalent today is $5.40 a gallon. expect it the grow after the $5 a gallon mark. >> sandra: not good for u.s. consumers. you are predicting we could see prices go up just today and by the weekend. you are looking at the fact we're entering the summer driving season with gas prices at a record high. oil at $120 a barrel. i dig through the wall street analyst no...