EconomyGas Prices Won’t Drop Much Lower by Election Day, Rebecca Babin Says

Rebecca Babin, a senior energy trader at CIBC Private Wealth, does not expect gas prices to fall much further before Election Day. She says pump prices during November’s midterms will likely be below what the White House wants. Renewed Strait of Hormuz tensions have lifted oil prices, while China’s position in the oil market is limiting a rise to $100 a barrel.