Dagen McDowell Issues Warning On The Possibility Of A Recession

Listen To The Full Interview Below:

Dagen McDowell, anchor and analyst on the Fox Business Network and a business correspondent for the Fox News Channel joined the Guy Benson Show to discuss the rising fears of the U.S economy heading into a recession as inflation continues to hit consumers hard.

Dagan raised the alarm on the possibility of a recession saying,

“A source of mine told me that even though gasoline prices nationwide have come down, they’re still super high in California. But the national average for gas right now is four dollars and twenty-three cents a gallon. It’s still really high, but we’re going to get to probably new all-time highs. Four dollars and thirty-five cents a gallon. California is going to be well over $6 a gallon and diesel. There’s a shortage of diesel globally, particularly in Europe. But there is going to be a worldwide recession, potentially because of the shortages of diesel fuel and the sky-high prices.”