[ad_1]
Given the geopolitical context, crude oil prices could rise enough to offset the seasonal decline in gasoline prices that Americans typically appreciate in the fall, said Lipow's President, Lipow. Oil Associates. at $ 90 a barrel, the price of a gallon of regular gasoline would exceed the national average today, according to Lipow. The same goes for jet fuel and diesel fueling the country's maritime fleet.
"As a result, the consumer should expect to pay more for his plane tickets," he said. "Higher diesel prices will be pbaded on to prices of goods and services for consumers."
Patrick DeHaan, senior oil badyst at GasBuddy, expects Americans to see a lower drop than D & B Usual gas prices this fall Due to the bullish factors of the oil market, as Trump's firm stance on Iran
"The national average will generally decline from 20 to 35 cents, but this year, it will only be 5 to 10, maybe 15 cents. ", he said.
The US Government's Energy Information Administration recently predicted that the average price of gasoline in Canada should not exceed $ 3 a gallon, having peaked at $ 2.96 at the end of May But some badysts are not convinced.
"I would bet with EIA that we can not -be not seen the highest prices of the year because there is too much thing s who can drive up gasoline "Tom Kloza, global leader of energy badysis at the Oil Price Information Service
These include potential breakdowns in refineries that process crude oil into fuels, or the hurricane season storms that destroy part of the drilling, refining and oil transportation system. Kloza
It is also uncertain that the Saudis can meet Trump's recent demand to increase production up to 2 million barrels a day (bpd). While Trump had originally suggested that King Salman bin Abdulaziz Al Saud was in agreement, the White House later clarified that the Saudis would exploit its unused capacity if and when it becomes necessary, and only after consulting with the government. other OPEC members. While Saudi Arabia can certainly increase production, pumping an additional 2 million bpd would be "the largest public test of Saudi spare capacity," CNBC's Helima Croft, global head of commodities strategy, told CNBC. at RBC Capital Markets.
[ad_2]
Source link
