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

Rebecca Babin, CIBC Private Wealth senior energy trader, stated that she does not expect gas prices to drop significantly before election day and that pump prices will likely be lower than the White House desires for the November midterms. China's role in the oil market is preventing prices from reaching $100 a barrel, despite rising oil prices due to tensions in the Strait of Hormuz.