Source: Wall Street
Author: Li Dan
Faced with the pressure of historically high domestic retail oil prices, Western countries sanctioning Russia began to quietly change their strategy, and the focus of the crackdown on Russian energy turned to lower prices.
U.S. Treasury Secretary Yellen said on Tuesday that the United States intends to allow Russian oil to continue to flow into the international market in order to curb the rise in global oil prices, CCTV reported. But she also stressed that the goal of the United States is to restrict Russia from profiting from oil sales. In this regard, the United States is "very active" in discussing relevant plans with European countries.
On Thursday, 9: 00 local time in Japan, Italian Prime Minister Draghi said that the European Commission has decided to consider setting a price cap on natural gas imports from Russia. This will curb inflation and reduce the flow of money into Russia. "but the matter is still under discussion and there is still a long way to go."
On Thursday, the average U.S. retail gasoline price hit an all-time high of nearly $4.97 a gallon, with 50 states averaging more than $4.40 a gallon, with California having the highest average price of $6.40 a gallon, according to the American Automobile Association (AAA).
The average price of gasoline in the United States exceeded $5 a gallon on Thursday, according to the US car price tracking website GasBuddy, setting a new high for the price tracked by the website. It found that the average price of regular gasoline in 17 states has exceeded $5.
Gasoline prices have hit an all-time high for 10 days in a row, and Americans now spend an average of $700 million more a day on gasoline than they did a year ago, GasBuddy's head of oil analysis Patrick De Haan said on Wednesday.
A day earlier, the Royal Automobile Club (RAC), Britain's oldest auto service, reported on Tuesday that the average price of gasoline in the UK recorded its biggest one-day rise in 17 years, rising 2.23p / liter a day to 180.73 pence / liter, or nearly 1.81p / liter, or $2.27per liter, or $8.6a gallon in the US.
Simon Williams, a spokesman for RAC, commented at the time that the acceleration in fuel costs was "unprecedented", noting that prices seemed to be "still some way from their peak".
The average cost of filling up an average 55-liter family car has risen from 95.16 pounds a week ago to 99.40 pounds ($125), and analysts expect it to exceed 100 pounds as early as Thursday, RAC said. Analysts expect the average price of crude oil to rise to $135 a barrel later this year, and the average fuel price to rise to £2 a liter, meaning the cost of filling up the family car will reach £110.
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