The prices for automobile fuel in the United States renewed a four-year high. For independence Day the average price of gasoline in the country will increase to $3 per gallon, according to CNBC.
According to AAA Gas Prices, 1 gallon of unleaded gasoline sold on average for $2,85*.
Regular
Mid-Grade
Premium
Diesel
E85
Price may 12 (cf, $)
2,866
3,138
3,385
3,120
2,390
Price 11 may (cf, $)
2,858
3,128
3,376
3,106
2,384
The price a week ago (cf, $)
2,814
3,093
3,342
3,076
2,350
The price a month ago (cf, $)
2,675
2,952
3,200
2,981
2,230
The price a year ago (cf, $)
2,340
2,622
2,867
2,505
2,062
* Average fuel prices are updated daily
In 19 States gasoline has Stonit is more expensive than the national average (over $3), and in California, drivers have to fill their cars in almost $4 per gallon. According to GasBuddy, 25 American automobile fuel costs in the $70 more expensive than in the same period of 2017.
What factors caused the increase in gasoline prices?
First of all, the geopolitical situation in the world. Almost immediately after the Declaration of Donald trump on the U.S. withdrawal from the nuclear agreement on Iran, the price of Brent crude for the first time in 4 years (November 2014) jumped to $77 per barrel. And, under forecasts of experts, this is not the limit. Sanctions against Iran has expectedly caused a shortage of oil: raw material becomes smaller, the fuel consumption is not falling — the effect of economic growth and the onset of the summer season with a long-awaited vacation.
As noted by Tom Kloza, chief fuel analyst Oil Price Information Service (OPIS), in 2018 the average family in the period from may to September, spend on gasoline, about $1318, while in 2017 this same period, the expenditure under this heading amounted to $1070.
According to AAA Gas Prices, the highest prices for gasoline were recorded in the USA in the summer of 2008.
Price, $
Date
Regular
4,114
17.07.08
Diesel
4,845
17.07.08
The second factor of price growth on fuel — Venezuelan collapse. At the beginning of the year in this oil-producing country closed the penultimate major oil refinery. The crisis in the country affected the number of crude oil: now a day it produces no more than 1.5 million barrels.
The third factor is infrastructure constraints. The United States cannot cover the shortage of oil from shale deposits in West Texas due to the insufficient capacity of the pipeline. According to Tom Clauses, is one of the key circumstances that prevent US to increase production of crude oil. Last week it was 10.7 million barrels per day by the end of the year will increase to 11 million barrels.
To stabilize oil prices in the country, said Kloza, the President can «print» a strategic reserve or «pressure» on Saudi Arabia to increase the supply of the commodity on the world market.
