---
title: "JPMorgan warns oil shock may keep inflation high into 2027"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286067571.md"
description: "JPMorgan warns that global oil disruptions, which reached 13.7 million barrels per day in April, may keep inflation high into 2027. U.S. gas prices have surged to an average of $4.52 per gallon, indicating demand destruction. The bank predicts the Consumer Price Index (CPI) will remain above 3% until early 2027, with worst-case scenarios exceeding 5% if oil prices stay elevated."
datetime: "2026-05-12T09:15:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286067571.md)
  - [en](https://longbridge.com/en/news/286067571.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286067571.md)
---

# JPMorgan warns oil shock may keep inflation high into 2027

Record supply gap: Global oil disruptions hit 13.7 million barrels per day in April, forcing heavy inventory drawdowns and leaving a 2 million bpd shortfall. Consumer squeeze: U.S. gas prices have climbed to $4.52 a gallon on average, with reduced driving and higher airfares already signaling demand destruction. Inflation outlook: JPMorgan sees CPI staying above 3% into early 2027, with worst-case scenarios topping 5% if oil prices remain elevated.

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