Economics
Gasoline Trades as If U.S. Nearing Recession, Goldman Says
Signs in front of a gas station reflect lower gas prices.
Photographer: J Pat Carter/Getty ImagesThis article is for subscribers only.
Gasoline futures are trading as if the U.S. economy is about to hit the brakes, according to Goldman Sachs Group Inc.
Contracts for delivery in the summer months are currently priced less than $20 a barrel higher than crude oil. If those premiums were realized, they would be the smallest since 2010, when the U.S. unemployment rate was above 9 percent.