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U.S. Thanksgiving oil prices hit the highest in nearly a decade

 Last Update: 2021-12-05
 Source: Internet
 Author: User

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energy prices uk

oil price projections

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According to a report released by the U.
S.
Energy Information Administration on the 24th, the average price of regular gasoline in the United States was $3.
4 per gallon (approximately 3.
79 liters) on the 22nd, the highest price on Monday of Thanksgiving week since 2012, compared with the same period last year.
Up 62%
.

The results of a survey previously released by CBS showed that about 64% of the respondents believed that the US economy was bad
.
Of this group, 74% believe that the economic downturn is the main reason for the high oil prices
.

The survey results also show that about 50% of Americans worry about not being able to afford gasoline
.

In order to stabilize oil prices, the White House announced on the 23rd that the Department of Energy will release 50 million barrels of crude oil from the Strategic Petroleum Reserve
.
CNN reported on the 24th that this is the largest oil storage release in American history
.

According to data from the US Department of Energy, as of November 19, the total oil storage of the US Strategic Petroleum Reserve was approximately 605 million barrels
.

However, US President Joseph Biden admitted that this move will not solve the problem of rising oil prices overnight
.

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