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Diesel reached a national average of $6.0556 per gallon, a record according to AAA, and Jeff Currie, founder and CEO of Real Macro and former head of commodities research at Goldman Sachs, told Bloomberg he sees a high likelihood that U.S. regular gasoline will average $5 a gallon before the November midterm elections. Currie warns refinery flexibility is near its limit and predicts diesel could climb to $7–$9 a gallon before the pressure eases.
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