A spike in gas prices is one of the biggest risks to the stock market and economy

A potential gas price shock poses a significant risk to the stock market and economy, as rising prices can curtail consumer spending and reaccelerate inflation, according to Carson Group's Sonu Varghese.

businessinsider.com

Relevant topic timeline:

8/28/2023

Republicans seize on gasoline prices, but the U.S. is pumping oil faster than ever

The surge in gasoline prices poses risks for President Joe Biden and his green agenda, despite the fact that U.S. oil production is on track to set a new record this year and is expected to continue rising in the future.

9/4/2023

Commodity Trader Trafigura Sees Upside Risk For Oil Prices

Crude oil prices could be vulnerable to further rises due to tight supply, warns Ben Luckock, Co-Head of Oil Trading at Trafigura.

9/13/2023

Inflation Soars to Fastest Pace Since May as Fuel Prices Surge, But Early Signs of Cooling Emerge

The Federal Reserve is unlikely to panic over the recent surge in consumer prices, driven by a rise in fuel costs, as it considers further interest rate hikes, but if the rate hikes weaken the job market it could have negative consequences for consumers and President Biden ahead of the 2024 election.

9/18/2023

Economic Headwinds Mount as Auto Strike, Shutdown Threaten Growth and Consumers Pull Back

Potential risks including an autoworkers strike, a possible government shutdown, and the resumption of student loan repayments are posing challenges to the Federal Reserve's goal of controlling inflation without causing a recession. These disruptions could dampen consumer spending, lead to higher car prices, and negatively impact business and consumer confidence, potentially pushing the economy off course.

9/18/2023

Gas Prices Spike Raises Recession Fears, But Inflation May Ease as US Production Ramps Up

Gasoline prices are rising due to oil supply cuts in Saudi Arabia and Russia, as well as flooding in Libya, but some experts believe that increasing oil prices will not have a significant impact on the US economy and do not expect them to rise much higher in the next year or two due to factors such as increased US oil production, slow global economic growth, and the green energy transition. However, high oil prices can lead to higher inflation, potential recession, and could influence the Federal Reserve to raise interest rates, but the impact may not be as severe as in the past, and some experts recommend investing in the energy transition and adopting a more defensive investment strategy.

9/19/2023

Fed Faces Balancing Act as Oil Prices Rise, Risking Growth While Seeking to Curb Inflation

Rising oil prices pose a risk to the Federal Reserve's efforts to achieve a soft landing for the economy and return inflation to its 2% target without triggering a downturn.

9/19/2023

Fed Forecasts and Risks of Recession and Inflation Create Economic Uncertainty, While Crypto Lobbying Ramps Up and Cities Consider New Taxes

The U.S. economy is facing uncertainty and conflicting estimates, with regional Fed estimates showing significant divergence and risks of economic contraction or slow growth, while factors such as health insurance costs, wage growth, home prices, and rising gas and commodity prices could potentially cause inflation to rebound. Moreover, there are still risks and challenges ahead, making declarations of victory premature, according to Larry Summers.

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Posted 8/29/2023, 7:54:00 PM

A spike in gas prices is one of the biggest risks to the stock market and economy

businessinsider.com

Relevant topic timeline:

8/28/2023

Republicans seize on gasoline prices, but the U.S. is pumping oil faster than ever

9/4/2023

Commodity Trader Trafigura Sees Upside Risk For Oil Prices

Crude oil prices could be vulnerable to further rises due to tight supply, warns Ben Luckock, Co-Head of Oil Trading at Trafigura.

9/13/2023

Inflation Soars to Fastest Pace Since May as Fuel Prices Surge, But Early Signs of Cooling Emerge

9/18/2023

Economic Headwinds Mount as Auto Strike, Shutdown Threaten Growth and Consumers Pull Back

9/18/2023

Gas Prices Spike Raises Recession Fears, But Inflation May Ease as US Production Ramps Up

9/19/2023

Fed Faces Balancing Act as Oil Prices Rise, Risking Growth While Seeking to Curb Inflation

Rising oil prices pose a risk to the Federal Reserve's efforts to achieve a soft landing for the economy and return inflation to its 2% target without triggering a downturn.

9/19/2023

Fed Forecasts and Risks of Recession and Inflation Create Economic Uncertainty, While Crypto Lobbying Ramps Up and Cities Consider New Taxes