CNBC Pro

Goldman says $4 gas is here to stay — These stocks can withstand the sticker shock

Consumers waiting for prices at the pump to cross below the $4 per gallon threshold shouldn't hold their breath, according to Goldman Sachs.

The firm said Wednesday that it expects prices to remain above four bucks for the rest of the year as oil stays elevated. The adage goes that the cure for high prices is high prices, but the firm doesn't forecast any meaningful demand destruction until prices at the pump reach $4.60 — the equivalent of $200 oil.

More In Street Calls

CNBC ProHere are Tuesday's biggest analyst calls: Bed Bath & Beyond, Tesla, Target, Netflix, Palantir & more
CNBC ProMKM Partners downgrades Winnebago, cites limited upside going forward
CNBC ProJPMorgan says buy this undervalued Chinese biopharma stock that can rally more than 40% from here