... number of participants, and the initial prices of products provided from oil refineries are not always available for various reasons. This means that there is no possibility of automatic calculation of the profitability of the transaction. The share of fuel costs for some strategically important industries exceeds 50%; therefore, the increase in the efficiency of the oil product market for fuel consumers is quite significant. The availability of a tool that allows real-time tracking of price dynamics for ...

..., inflation dynamics, or the automotive market situation. As Gusev notes, it is not entirely clear why gasoline is expected to lag behind the inflation growth rate in the country. As a result of the Central Bank's key rate increase, oil companies’ costs have risen at every stage: extraction, processing, and marketing. This trend applies to other sectors of the economy as well. Gusev believes the best way to reduce prices, including in the fuel market, is to lower the rate to the level of 3-5 percent per annum. However, one might also consider the fiscal burden on the industry. Frolov emphasizes that the increase in gas station prices is not solely due to wholesale price hikes but also ...

... gasoline prices are still strongly correlated with the price of oil, partly because most of the oil refineries in the U.S. are located on the Gulf of Mexico coast, while a major demand center remains the East Coast states, which are large importers of fuel. In 2023, 52.6% of the retail gasoline price was attributed to the cost of oil; refining costs accounted for 18.7%, federal and state taxes accounted for 14.4%, and distribution and marketing costs accounted for 14.3%, he explained. As of November, when the average WTI oil price at the Cushing terminal was $70 per ...

... Changes in Prices and the Ruble Exchange Rate Since 2001, the inflation rate in Russia has exceeded 700%, with an average annual price increase of 9.1%. During this time, the ruble has significantly weakened against the dollar, while housing, food, and fuel prices have increased multiple times. How has the cost of living in Russia changed over more than two decades, what factors have influenced inflation, and what can we expect in the future? Key Inflation Indicators Since 2001 Average annual inflation: 9.1%. Dollar exchange rate: increased 3.4 times (from ...

... as they can offer instant credit for purchasing raw materials. Transactions can be completed swiftly, even if buyers lack immediate funds. Benefits of Commodity Marketplaces Reduced Intermediaries: Buyers can purchase raw materials like metal or fuel directly, bypassing brokers and middlemen. This reduces both time and costs. Convenient Order Processing: Orders can be placed 24/7 without waiting for a company’s business hours. Buyers receive notifications, and if the seller offers round-the-clock delivery, the goods can be received even at night. Simplified Record-Keeping: ...