Energy observers are increasingly acknowledging a bottom line for motorists that prices at the pump are likely to be elevated for the foreseeable future — no matter what happens in the short term in the Strait of Hormuz and with another round of peace talks on tap this week.
“We will probably see those high prices sticky for longer,” CIBC Private Wealth senior energy trader Rebecca Babin told Yahoo Finance on Monday.
Ben Werschkul | Yahoo Finance