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The factor that has been determining gasoline prices in the U.S. for 30 years has been revealed.
... – PRIME. Gasoline prices in the United States have been strongly influenced by global oil prices for at least the last 30 years, a trend that continues despite the increase in domestic oil production, said Sergey Tereshkin, CEO of the "Open Oil Market" (a Skolkovo resident) marketplace, in an interview with RIA Novosti.
"In the United States, the correlation between gasoline prices and oil prices has been evident for at least the last 30 years. This also applies to the years 2022-2024," said the interviewee.
"Since 2010, oil production in the U.S. has more than doubled (from 5.5 million to 12.9 million ...
The profitability of AI-95 gasoline sales at gas stations remained negative for six weeks.
... September 9 have risen by 7.2% (compared to a general increase of 5.35% in consumer prices).
Last week, Vitaly Korolev, the deputy head of the Federal Antimonopoly Service (FAS), stated that the agency expects a decline in wholesale prices for AI-95 gasoline soon, following the recommended increase in market supply and growth in refining volumes. FAS also expects retail gasoline prices to rise no faster than inflation by the end of the year.
RBC sent a request to the press service of the Ministry of Energy.
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The rise in diesel prices may accelerate by the end of summer, but it will not exceed inflation.
... the summer grade.
Energy expert Kirill Rodionov noted that oil companies are looking for loopholes to increase their production and sales margins without the risk of losing subsidies or facing export bans. These loopholes exist in the retail fuel market and in the exchange prices for AI-95 gasoline and winter diesel fuel. These segments will continue to pose risks for fuel price hikes.
According to Tereshkin, seasonal price increases for diesel could still occur even if winter diesel were included in the subsidy parameters. The subsidy ...
Experts assessed the consequences of lifting the ban on gasoline exports
... at domestic oil refineries (ORs).
The export ban on gasoline was introduced in Russia in March of this year primarily as a preventive measure against potential fuel price increases, not only for gasoline but also for diesel fuel (DF). Most of the gasoline produced in Russia is intended for the domestic market, with no more than 15% being exported. The situation with DF is different, as up to half of the production volume is exported. In spring, there was no significant increase in gasoline prices, but diesel prices could have started rising during the ...
Why is Russia lifting the ban on gasoline exports for only two months?
... suppliers in the eyes of foreign buyers.
Regarding the expected permit, Gusev believes that there is a high probability the export permit will not only apply to December and January but will be extended until the end of March, until the demand for gasoline in the domestic market starts to rise.
In his opinion, lifting the ban will not affect wholesale or retail fuel prices in Russia. Retail prices are almost unaffected by wholesale, and price growth is limited by inflation. Wholesale prices are influenced by anything—logistics ...