Gasoline, Diesel Price Surges May Mirror 2008, 2022 - US average gasoline and diesel prices have approached the $4 and $5 a gallon thresholds, raising the prospect of greater consumer and economic stress -- and peaks akin to 2008 and 2022. My graphic highlights diesel at $5.34 on March 23, nearing 2022's $5.82 high. Prices might be at greater risk of falling below January's $3.50 low by year-end than staying above $5. The graphic shows a top reason: historically extended US equities. The stock-market cap-to-GDP stood at 2.2x on March 23, down slightly from the 2.3x high, and the 2007-2009 drop to about 0.6x from 1.3x highlights the risks of spiking fuel prices. Some overdue reversion in elevated equities could be triggered by gasoline's roughly 40% surge in 2026. In 2008, gas peaked at $4.11 after a 35% rise and ended the year at $1.62. I see parallels. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tcck29kip3nb {BI COMD} #gasoline #diesel #stockmarket #crudeoil @BBGIntelligence(Mike McGlone)