Rising oil prices and the restrictions imposed on exports by Russia and Saudi Arabia have caused the cost of gasoline to increase in the United States. This was reported by RIA News.
According to data from the GasBuddy service (an application that tracks fuel prices at gas stations in the USA, Canada and Australia – socialbites.ca note), the average cost of a gallon of fuel in the United States was $ 3.82; this is the maximum value. Since November 2022. The increase in prices started after the decrease in the production of OPEC + countries. In particular, Saudi Arabia extended the cut in oil production by 1 million barrels per day until the end of the year, while Russia made a similar statement and reduced production by 300 thousand barrels per day until the end of 2023.
“Observers are calculating how much Russia will gain from this. Kiev School of Economics (KSE) estimates: An additional $17 billion this year and $33 billion next year.”
At the same time, US strategic reserves have been seriously undermined: 180 million barrels of oil have been sold since the beginning of the year.
“The President released more than 40 percent of the stockpiled oil in an emergency. It is an extremely risky step to take. [Джо Байдена] increasing popularity. And since it won’t be able to do that again, the current price increase will hit the rating even harder,” he told The Hill.
Recently chairman of Italian Eni appreciated The situation of the fuel market in Europe.
Previous uranium prices got up up to a maximum of 12 years.