Bensin demand surged last week, buoyed by increased pre-ferie forbrukernes tillit. But fears of the COVID-19 omicron variant’s economic impact may threaten future global oil consumption. As a result, pump priser fell again last week as råolje olje priser wobbled—neither rising steadily nor falling rapidly. The national average for a gallon of gas dipped three cents to $3.30.
“A recovering economy coupled with strong employment is leading to increased demand for bensin,” said Andrew Gross, AAA spokesperson. “This demand increase should drive pump priser higher, but it’s been blunted by the wavering price of råolje olje."
According to recent data from the Energy Information Administration (EIA), totalt innenlands bensin stocks decreased by 700,000 bbl to 218.6 million bbl last week. Meanwhile, bensin demand increased from 8.96 million b/d to 9.47 million b/d. Typically, growing demand and tight supply would support rising pump priser; however, fluctuations in the price of råolje oil have helped to put downward pressure on priser. Forrige uke, råolje priser crept above $70 per barrel and if oil priser fortsett å klatre, pump priser vil sannsynligvis følge etter.
As of December 20, the national average of $3.30 is 11 cents less than a month ago and $1.09 more than a year ago.
Rask statistikk
Nasjonens topp 10 største ukentlige nedganger: Indiana (−6 cents), Michigan (−6 cents), Ohio (−5 cents), Arizona (−5 cents), Illinois (−5 cents), Florida (−4 cents), Colorado (−4 cents), Alabama (−3 cents), Kentucky (−3 cents) and Wisconsin (−3 øre).
The nation’s top 10 most expensive markets: California ($ 4.66) Hawaii ($ 4.33) Washington ($ 3.86) Nevada ($ 3.86) Oregon ($ 3.77) Arizona ($ 3.69) Alaska ($ 3.69) Idaho ($ 3.60) Utah ($ 3.55) og Pennsylvania ($ 3.55).
Oljemarkedsdynamikk
Ved slutten av fredagens formelle handelssesjon, WTI decreased by $1.52 to settle at $70.86. Crude priser declined last week due to growing market concerns that the omicron variant of COVID-19 will lead to a decrease in demand as governments around the globe increase measures to curb transmission rates. Additionally, råolje priser declined despite EIA’s new data revealing that total domestic råolje stocks decreased by 4.6 million bbl to 428.3 million bbl. The current stock level is 14.4 percent lower than mid-December 2020. For this week, råolje priser could drop further if omicron concerns persist.
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