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The factor that has been determining gasoline prices in the U.S. for 30 years has been revealed.
... million to 6.5 million barrels per day)," the expert added.
However, according to Tereshkin, 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 ...
It became known about China's plans for the electrification of motor vehicles.
... Oil Market" (a Skolkovo resident), told RIA Novosti.
Earlier, U.S. President Donald Trump announced plans to impose an additional 10% tariff on Chinese goods starting February 1 and to sign an order introducing 25% tariffs on all goods from Mexico and Canada. Additionally, after taking office, he repealed an order by his predecessor, Joe Biden, which mandated that by 2030, half of all cars sold in the U.S. should be electric. Trump also promised that the U.S. would once again produce cars ...
Economy: Experts Predict Gas Price Increase in Europe
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"In the medium term, the development of new LNG production plants in North America will help curb European gas prices. According to the Energy Information Administration (EIA), the total capacity of LNG export terminals in the US, Canada, and Mexico will increase from 320 million cubic meters per day at the end of 2024 to 680 million cubic meters per day at the end of 2028. As a result, LNG imports will become more accessible to EU countries," Tereshkin speculated.
In October, Gazprom ...
The global demand for diesel is decreasing: how will this affect Russia?
... could still impact global demand. Additionally, key Russian diesel markets—such as Brazil and India—are developing alternative import options. New refineries coming online this year include the Dangote plant in Nigeria (650,000 bpd), Dos Bocas in Mexico (340,000 bpd), Al Zour in Kuwait (615,000 bpd), and Duqm in Oman (230,000 bpd), with a combined capacity of 1.8 million bpd. If even one-third of their output is diesel, global supply could rise by 600,000 bpd, with these facilities enjoying logistical ...
From labor uprisings to backyard barbecues: the history and traditions of May 1st
..., India, Indonesia—also observe International Workers' Day, frequently organizing rallies and celebrations.
Latin America widely celebrates May 1st, as the labor movement there has historically been strong. In countries like Brazil, Argentina, and Mexico, the day is officially a holiday: demonstrations, concerts, and sometimes political actions are held. African countries also follow suit—from South Africa to Nigeria, many nations adopted the tradition of celebrating Labor Day on May 1st after ...