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Sinopec News Net, according to today's oil price website, on June 1st, oil prices hit their highest level in more than two years because OPEC+ agreed to maintain its production cut plan while demand forecasts continue to improve.
The average retail price of gasoline in the United States jumped to more than $3 per gallon last week, the highest price since 2014.
Memorial Day travel is expected to increase by 50% over the same period in 2020.
California has the highest oil price at more than $4 per gallon, while Texas has the lowest oil price at $2.
Wang Lei excerpted from today's oil prices
The original text is as follows:
Oil-Prices-Hit-2-Year-High
Oil prices hit their highest level in more than two years as OPEC+ agreed to maintain its production cut plans while demand projections continue to improve.
The average retail price for gasoline in the US jumped above $3 per gallon last week, the highest price since 2014.
Memorial Day travel is expected to be 50% higher than the same weekend in 2020.
California saw the highest prices at over $4 per gallon, while Texas saw the lowest at $2.
