Gasoline Prices | Weekly Extract

The price of imported gasoline has not decreased since December 2021. The price index for imported fuel advanced 73.9% over the past 12 months. Higher crude oil and natural gas prices in June contributed to the increase in imported fuel prices.

According to the latest near-term outlook from the Energy Information Administration (EIA), U.S. gasoline demand for July will fall by 2.2% from the June forecast and by 4.8% from July 2019 before the pandemic. Overall, U.S. gasoline demand is now expected to be lower than the EIA had previously forecast for the months of July through October.

Demand in the United States has fallen due to the high price of gasoline.

The price of crude oil has declined to April levels, when we mentioned in our Weekly Extract - Fuel the fact that the high price of gasoline was due to rising raw material prices and disruptions in the supply chain.

Despite such a decrease in crude oil levels today, gasoline refined using crude oil from previous months carries with it the high production costs of the time, for which several countries around the world are paying high gasoline prices today.