It’s a hecho: every day is the most important thing to remember about our cars. Last week, the price premium for regular gasoline in the United States dropped to $ 2.71 per gallon, an increase of $ 0.46 / gallon from one-year principles.
But there are many who blame President Joe Biden for the collection, in reality it is not his responsibility, in absolute terms.
Various factors contributed to the price of gasoline. GasBuddy’s analyst Patrick DeHaan summed up this move in statements to FoxBusiness: “The price is expected to rise as a result of the demand along with the report that the Organization of Petroleum Exporters (OPEP)” does not agree with grifo “.
Specifically, last week, the OPEP leaflets and its allies agreed to keep records of production for all countries except Russia and Kazakhstan, which provoked the West Texas Intermediate crude oil, the EE reference. UU, price increase. In addition to recovering international demand for the crude, Saudi Arabia has recovered a record 1 million barriers. This decision raised considerably the prices of petroleum.
The gasoline follows the price of the crude
And the price of gasoline is always an eco of the price of petroleum in international markets.
“In the last six months, the price of petrol has been lowered by 0.56 dollars per gallon, while the price of gasoline has been lowered by 0.50 dollars per gallon. The majority of gasoline prices fall below the oil price threshold, ”said Forbes Robert Rapier, an energy industry analyst.
Now, what is the price of petroleum?
Then, ironically, we began to recover from the Covid 19 pandemic and increased the combustible demand. In 2020, as many countries declare confinement mediates and the money day to travel, the price of the crude goes down, leaving inactive 3 million barrels per day (BPD) of United States petroleum production in relation to 2019, just Rapier .
Y, as we explain at the outset, OPEP maintains the record of the production, which impulses the prices on alza.
The importance of geopolitical factors in the energy market
Some political and meteorological surveys have also been included in the increase in prices.
The Domingo, the Yemeni rebels launched an attack with drones against Saudi Arabian oil installations, with the next crude Brent cruising oil at $ 71.38 a barrel, with a 25 cents drop to 69.61 dollars por barril. The price of the West Texas Intermediate crude, which has a total of 27 cents and 66.36 dollars per barrel, has had its impact. If you would like to explain the complex conflict, it is important to clarify that Joe Biden’s governor promised to increase the response to the reindeer herd before they move.
The attacks – which could generate instability in the production of land with Mayors reserves – were produced by the devastating health devastation in Texas and other parts of the country in February, which eliminated the production of around 4 million barrels per day of petroleum. , buying the prices for up to 60 dollars per barrel for the first time in a year.
Specifically, the universal torment affected a dozen refineries in Texas. In the last week of February, the use of the refinery is 56%. Without them, simply the oil can not be converted to gasoline.
Biden’s decision and its impact
As part of the closure of the Keystone XL oleoducto, decreed by Biden, its impact has not been clearly demonstrated in the stadium market.
It’s more clear that the prices will increase, and the price will be around 3 dollars in April, says DeeHan.
“We will see that the demand for gasoline will begin to be implemented in some of its normal levels, especially if there is a reduced demand,” he said.
When more states are opened and more people are evacuated, more demand is raised.
He stated that Biden was not responsible for the increase in gasoline prices. But can I do something for the poor?
According to Rapier, only a pair of mechanisms mediating the shafts a president could have an impact on the plaza in gasoline prices. It is a law that changes the tax on gasoline, which currently represents an increase of 21% of the cost or announcing an important release of petroleum from the Petroleum Reserve, with only the prices of gasoline running low.
There is no indication that the President will take any of these mediated media.
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