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Gas prices may increase due to the conflict with Iran.
Brent rude Thursday, a barrel of $ 67.83, more than $ 81 last week, after the ceasefire of Iran-Israel, he probably decided to open the Strait of Hormuz.
On Monday, the United States and Israel followed by the US President Donald Trump, which gives any caps about oil prices, which is less than one day The forces hit Three Iranian nuclear site. “Everyone, lower the price of oil. I watch it!” Trump wrote on social media platform The truth is social. “Drill, baby, boring !!! and now I want to say now !!!”
Attacks The world’s benchmark oil prices sent brent crude oil prices briefly A barrel of $ 81. Traders returned this price for $ 70 after Iran retaliated against The relatively limited response by firing missiles in the US military base in Qatar.
What do oil prices mean for drivers?
A little more than half of crude oil which drivers pay in the gas pump and Analysts say An increase of $ 10 in oil prices, usually the US gasoline price is collapsed by 20 to 25 kopoes. Put AAA as of June 26 The national average Diesel fuel for regular gasoline from $ 3.22 to $ 3.72.
A week ago, regular gasoline was $ 3.14, so the tension touched 8 kopecks. Californians enjoy the average price at the lowest state level worth $ 4.62, in the level of $ 4.62. CNET will monitor the daily average and main market prices for AAA, because Iran threatens fuel costs.
Analysts can be a wildcard in the golden condition. If the two-bay regional processing plants transformed the renewable fuel production next year, local supply prices can be toughened enough to push “as high as a gallon” Last Report referred to by patch. However, government officials say that this figure was false Projection comes From an industrial financed analysis that does not have a transparent modeling. Stanford economists call a bump with any processing of “significant”.
Read more: The best electric cars and EVS for 2025
If Tehran followed threats to close 21 mile width of Hormuz, carries About 20% of the world’s oil, Golden man sachs Brent oil prices warns that the price can fall from $ 110, and the average US average pump price can be pushed more than $ 4. Traders originally broke out the fear of Iran’s Hormuz and the world’s busiest oil.
The prices hit a US base in Qatar in Qatar, Tankers and energy facilities in Qatar, who spent a restless vengeance of Iran, and they were soft as a ceasefire. If a tanker is shot or the Strait of Hormuz is even blocked, experts can almost immediately supply.
So far, the OPEC and the oil union were not called an emergency meeting. President of Russia Vladimir Putin The group does not need to move and Saudi Arabia Minister of Energy The country’s market will actually expect. The management may hit the strategic oil reserve if Iran violates oil streams, but not any steps so far.
