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Refiningcapacity

All articles tagged with #refiningcapacity

energy1 year ago•2 min saved

Trump's Potential Impact on Oil Prices and Market Uncertainty

The re-election of former President Trump could benefit oil companies by rolling back regulations, but may also lead to higher gas prices if he imposes stricter sanctions on Iran, affecting global oil supply. Analysts suggest that while US refining capacity has not returned to pre-pandemic levels, potential geopolitical tensions could cause price spikes. However, gas prices are expected to remain around $3 per gallon, with possible decreases by the end of the year.

via New York Post |

#energy #gasprices #oilcompanies

economy2 years ago•2 min saved

"Forecast Optimism: Gas Prices Expected to Drop in 2024 Amid Rising Fuel Stocks"

U.S. drivers are likely to see a decrease in gasoline prices in 2024 due to increased global refining capacity and a surplus in domestic fuel stocks. Analysts predict a drop in the national average retail gasoline price, which could contribute to higher consumer confidence and spending, potentially helping to stave off a recession. Gasoline inventories in the U.S. have risen significantly, and with new refining capacity expected to come online globally, there is optimism that prices at the pump will remain lower than previous record highs.

via Reuters|

##consumerconfidence #economy