American channel: The price of gasoline may rise again in the country after the “OPEC +” decision

American channel: The price of gasoline may rise again in the country after the “OPEC +” decision

According to American experts cited by the ABC TV network, when “OPEC +” decided to limit oil output, fuel prices as well as the expenditures associated with heating houses in the United States may increase once more.
These experts believe that the aforementioned decision may also result in a rise in the price of air travel and airline tickets.
Experts predict that this price increase will mostly impact the southern and northeastern parts of the United States.

According to Patrick de Haan, head of oil and gas market analysis at GasBuddy, this will most certainly result in gas station prices increasing by 10 to 30 cents per gallon (3. 8 litres). The national average price per gallon is $3. 83, although it was 5 cents lower last week, he added, and gasoline prices in the United States have already started to rise as a result of high demand. Additionally, it is anticipated that the cost of travel and transportation will increase over the Christmas and New Year holidays.

As an illustration, the average cost of a round-trip airline ticket on Thanksgiving Day is $281, up 25% from the previous year.
The average ticket price for flights over the Christmas holiday is $435, which is a 55 percent increase over last year’s data.
News Agency RIA Novosti.

American television: Following the “OPEC +” decision, gasoline prices may increase once more in the nation.

About Author

Economics