Expected to increase the price of gasoline again in the United States

According to the report of Fars International Economic Group, “Gasbody”, a company that monitors fuel prices at 140,000 gas stations in the United States and Canada, predicted in a program on the CNN news network that the price of gasoline in the United States will again reach the threshold of $4 in May. Every gallon will return.

Average gasoline prices in May will rise to $2.52 to $4.05 a gallon from the current price of $3.10 a gallon as more Americans travel, according to the U.S. company.

Average gasoline prices in the United States have fallen to $3.104 a gallon after months of relentless price increases. The price of gasoline has decreased by 45 cents in the last 30 days and is actually lower than the price of the last 12 months.

According to Oil Price, there is only one reason that “GasBuddy” has increased its forecast of gasoline prices in the United States, and that is the rise in the price of crude oil.

Eric Nuttall, a market analyst and director of an energy company, told the Financial Times: “Oil prices will return to $100 per barrel in 2023.”

He also predicted that the energy sector will perform better than other market sectors due to the high demand for oil and gas reserves.

According to analysts, many of the factors that prevented oil prices from increasing further this year, such as China’s corona restrictions and the coordinated release of strategic oil reserves by several countries, will no longer exist in 2023; On the other hand, there is also an embargo on the Russian oil and gas sector, which raises the price of oil.

The Bank of America also predicted last week that due to the mild approach of the Central Bank of America and the successful reopening of China’s economy, the price of Brent oil could quickly exceed $90 per barrel.

The Bank of America predicted that the price of Brent oil, which is currently trading around $84, will average $100 per barrel in 2023 due to the improvement in China’s oil demand as well as the daily reduction of about one million barrels of Russian oil supply. reach

This American bank also predicted that OPEC+ would probably fully implement its production cut of 2 million barrels with the aim of boosting oil prices.

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