California Gas Prices
Gas prices at a Shell station on September 19, 2023 in Burbank, California.
  • Crude oil has surged 30% since its late-June low, helping push up gasoline prices across the country.
  • But Goldman Sachs said the rise in oil prices is a "manageable headwind" for consumers and the US economy.
  • These are the three reasons why Goldman isn't concerned about the surge in oil prices.

Oil prices have surged over the summer months, raising concerns that higher prices at the gas pump could accelerate the economy's descent into a recession.