JPMorgan: The risk of gasoline prices rising to $5 can no longer be ignored

Analysts led by Natasha Kaneva believe that in Asia, the region currently most severely impacted by the energy crisis, the price shocks caused by the Iran war are reflected more rapidly in refined products such as jet fuel and diesel than in crude oil. They stated that if refinery operating rates continue to be constrained by limited crude oil supply, then fuel prices (rather than crude oil prices) may become the main transmission channel for demand destruction.