The spike in gasoline prices over the last year in the United States over the last year contributed to the U.S. CPI rising to 9.1% on an annual basis—the highest CPI in decades.
U.S.
Gasoline Prices Continue To FallIraq’s 150,000 Bpd Oil Export Boost DelayedRising Oil-Fired Power Generation In Saudi Arabia Could Weigh On Global Supply23 hoursUK Approves 25% Windfall Tax On Oil And Gas ProducersAPI Reports Large Inventory Build As Oil Falls Back Below $100IEA Director: Price Cap On Russian Oil Should Extend To FuelsOPEC Remains 1 Million Bpd Below TargetThe White House Believes OPEC Has The Capacity To Boost ProductionOil Prices Rebound Following Morning DropExxon CEO Says...
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Biden: Inflation Data Does Not Reflect Impact Of Gasoline Price Decline | OilPrice.comU.S. President Joe Biden said on Wednesday that the June inflation data showing the highest inflation in the United States in more than 40 years is “out-of-date” because gasoline prices have been falling over the past 30 days
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Oil Bears Are Back As The Crude Crash Continues | OilPrice.comEven before oil prices crashed on Tuesday morning, hedge funds had started to dump oil as an increasing number of experts highlighted the risk of a recession.
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API Reports Large Inventory Build As Oil Falls Back Below $100 | OilPrice.comThe American Petroleum Institute (API) reported a large build this week for crude oil of 4.762 million barrels, while analysts predicted a draw of 1.933 million barrels.
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Oil Prices Crash By More Than 7% On Demand Destruction Fears | OilPrice.comOil prices crashed by more than seven percent on Tuesday morning as demand destruction fears due to new lockdowns in China, soaring inflation, and a strong dollar took center stage.
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Oil Price Crash Undermines OPEC’s Optimistic Demand Forecast | OilPrice.comToday's oil price crash highlights the downside risks that OPEC's 2023 demand forecast appears to overlook. Economic growth and a covid recovery in China are far from certainties next year.
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IEA Director: Price Cap On Russian Oil Should Extend To Fuels | OilPrice.comhe G7 idea to place a price cap on Russian oil should include a cap on the prices of gasoline and diesel, too, Fatih Birol, Executive Director of the International Energy Agency (IEA)
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