Gasoline prices in U.S. continue to grow
On Monday, the latest data from AAA showed that an increase in gasoline prices has been observed for the fourth week in a row. They rose up 32.7 cents in the last month, driven by higher crude oil prices.
Gasoline price grows together with the price of WTI crude. The price of this brand’s crude rose by $3 per barrel compared with last week, and by $2 per barrel compared with last month.
On Monday, head of petroleum analysis at GasBuddy Patrick DeHaan published a note. He stated in it that gasoline prices were rising along with crude oil prices, as problems with refineries prevented the supply of gasoline from boosting growth.
DeHaan added that macroeconomics continues to put pressure on oil and petrochemicals, and high demand in China hasn’t slowed down due to an increase in new coronavirus cases. Part of the Strategic Petroleum Reserve was also used. There are growing fears that the supply will shrink soon without additional oil. This isn’t good for motorists in the long term, as prices may continue to rise.
At the present time, the cost of gold is firmly entrenched at $1,900 dollars per ounce. That mark is already very close to a possible maximum predicted by analysts. That kind of dynamics is driven by noticeable dollar weakening and decrease in the yields of the U.S. government bonds.
27 JanuaryAccording to expectations of strategists of the Internationale Nederlanden Groep, gold will grow in 2023.
27 JanuaryThe U.S. economy unfolded more actively in the fourth quarter than analysts might have expected. However, domestic demand grew at the slowest pace in 2.5 years, reflecting the impact of higher credit costs.
27 JanuaryThe U.S. strategic petroleum reserve (SPR) decreased by more than 40% in two years. The reserves were 371.57 million barrels on January 20, compared to 638.08 million barrels a year ago.
27 JanuaryThe European Union plans to implement a $100-per-barrel limit on Russian diesel fuel.
27 January