News & Macrohigh confidence
Jeff Currie Sees $5 Gasoline Before Midterms, Citing Refining Constraints and Geopolitical Risk
oilprice.com · September 11, 2026 · Week 2026-37
Summary
Commodities analyst Jeff Currie predicts record-high US fuel prices, attributing the squeeze to tight global refining capacity and chronic underinvestment in physical supply. The analysis links high Brent crude prices (over $107/bbl) to geopolitical risks, including Houthi attacks on Saudi Arabian oil infrastructure, which could further tighten the market and drive prices higher.
Strategic Implication
Sustained high refined product margins incentivize MENA NOCs to accelerate investments in their domestic and international downstream expansion projects to capture market share.