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Lucknow, India

Gas Prices Won't Drop Much Lower By Election Day, Says Rebecca Babin

Published 14 August 2026 ยท world

Rebecca Babin, CIBC Private Wealth senior energy trader, said that she doesn't expect gas prices to drop much lower before election day and that the

Rebecca Babin, CIBC Private Wealth senior energy trader, said that she doesn't expect gas prices to drop much lower before election day and that the price at the pump will likely be lower than the White House would like it to be for November's midterms. Babin said that while oil prices have climbed as tensions have build back up in the Strait of Hormuz, it is China's position in the oil market that is keeping prices from growing to $100 a barrel. Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE Subscribe to our Podcasts Bloomberg Daybreak Bloomberg Surveillance Bloomberg Intelligence Balance of Power Bloomberg Businessweek Listen on Apple CarPlay and Android Auto with the Bloomberg Business app Apple CarPlay Android Auto Visit our YouTube channels Bloomberg Podcasts Bloomberg Television Bloomberg Originals Quicktake

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