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According to data released by the American Automobile Association, the average price of regular gasoline across the US once again rose to more than 4 US dollars per gallon on the 20th. This price was $3.14 per gallon for the same period last year. Previously, due to factors such as the military conflict between the US and Iran, the average price of regular gasoline across the US broke through 4 US dollars at the end of March this year, reaching a new high in nearly 4 years, and continued to rise. After the US and Iran signed a memorandum of understanding in mid-June, the average price of ordinary gasoline across the US fell below 4 US dollars and continued to decline for some time. Recently, the US and Iran have continued to attack each other, and oil prices have risen again. The price of international crude oil futures rose significantly after starting a new week of trading on the 19th. The price of Brent crude oil futures exceeded 90 US dollars per barrel. The industry expects that the longer the Strait of Hormuz is blocked, the greater the impact on the global economy, and oil prices may continue to rise. The US will host midterm congressional elections in November, and high oil prices have put pressure on US President Trump and the Republican Party. The poll results released by the US media on the 16th showed that on the Iran issue, Trump's disapproval rating rose to 69%; about 67% of respondents expected the US economy to deteriorate further in the next year; and about 60% questioned whether the US-Iran negotiations could reduce gasoline prices to pre-conflict levels.
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According to data released by the American Automobile Association, the average price of regular gasoline across the US once again rose to more than 4 US dollars per gallon on the 20th. This price was $3.14 per gallon for the same period last year. Previously, due to factors such as the military conflict between the US and Iran, the average price of regular gasoline across the US broke through 4 US dollars at the end of March this year, reaching a new high in nearly 4 years, and continued to rise. After the US and Iran signed a memorandum of understanding in mid-June, the average price of ordinary gasoline across the US fell below 4 US dollars and continued to decline for some time. Recently, the US and Iran have continued to attack each other, and oil prices have risen again. The price of international crude oil futures rose significantly after starting a new week of trading on the 19th. The price of Brent crude oil futures exceeded 90 US dollars per barrel. The industry expects that the longer the Strait of Hormuz is blocked, the greater the impact on the global economy, and oil prices may continue to rise. The US will host midterm congressional elections in November, and high oil prices have put pressure on US President Trump and the Republican Party. The poll results released by the US media on the 16th showed that on the Iran issue, Trump's disapproval rating rose to 69%; about 67% of respondents expected the US economy to deteriorate further in the next year; and about 60% questioned whether the US-Iran negotiations could reduce gasoline prices to pre-conflict levels.
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