President Donald Trump I submitted an all-kets message On oil prices on Monday, less than a day of our forces and Israeli Hit three Iranian nuclear sites. “Everyone, keep oil prices. I’m watching!” Trump wrote on his social media platform the social truth. “Drink, darling, potholes !!! I mean now !!!”
Brent attacks were sent briefly, the price of standard oil in the world, above $ 81 barrels. Traders led this price to the seventies of the last century yet Iran has retaliated against the United States By firing missiles at an American military base in Qatar, a relatively limited response.
What does this mean for drivers?
Crude oil is more than half a cost Drivers Pay in the gas pump, and Analysts say Every height of $ 10 in oil prices usually pays the average price of gasoline in the United States by 20 to 25 cents per gallon.
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As of June 23, AAA sets the national average For regular gasoline in $ 3.22 Galon, with diesel fuel in $ 3.68. A week ago it was regular $ 3.14So tensions have already dealt with 8 cents. California residents pay more than others in $ 4.66While Texas drivers enjoy the lowest price in the state level $ 2.85.
CNET will track the daily AAA averages and the main market standards as long as facing Iran threatens fuel costs.
If Tehran continues the threats to close the Strait of Hermoz at the level of 21 miles, which carries approximately 20 % of the world oiland Goldman Sachs warns The price of Brent crude may jump beyond $ 110, which is likely to pay the price of the American medium pump more 4 dollars.
The rise in oil faded on Monday after the missiles that Iran aimed at the United States base in Al -Wadid, Qatar, were intercepted, leaving the energy infrastructure without touching it. Traders are betting that Tehran will not endanger its export revenues, at least at the present time.
If a carrier or a hierarchical tanker is partially banned, experts say supplies can get almost narrow immediately. So far, the Opec-Plus Oil GIANCE alliance has not been called an emergency meeting. Russian President Vladimir Putin says the group It does not need to act yetAnd the head of energy in the Kingdom of Saudi Arabia says it will get Wait to see what the market is doing already.
The administration can take advantage of strategic oil reserves if Iran disrupts oil flows, but no steps have been taken yet.
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