What is the OPEC surprise of oil for cut-off prices of American gas

New York
CNN
–

The OPEC and its surprised stroke for surprise in Slash Proction Oils will soon be felt in American gas pumps.

The group known as the OPEC + announced on Sunday Sliced ​​oil production For more than 1.6 million barrels a day starting from May, running by the end of the year. The news also sent Brent Raw Future, globally cranny criteria and VTI, American reference criteria, on Monday about 6% on Monday.

The announcement of reducing production also had an imminent impact on the gas station, which will be transferred to American drivers much faster than spikes in oil prices. RBOB, the most large-colored price, has increased about 8 cents of gallons, or about 3%, in the morning trading.

“I think the OPEC reaffirms the inflation scheduled,” said Tom Kloza, the global chief of energy analysis for the description, which accompanies gas prices for AAA. “The white house must be shocked and is angrily angry. Certainly changes the calculations for some time.”

The national average for the prices of American gas was $ 3.51, on Monday, in terms of AAA. The blossom said that he could see that in a relatively short order, it will be reached 3.80 to $ 3.90 thanks moving the OPEC.

“We will not return to the $ 5 Galon. I don’t think we go as much as $ 4,” he said. But he said until the end of the summer, American drivers could return above the year-earlier prices, especially if there was a hurricane or other storms that affect production along the banks of the bay.

The average American regular price of gas a year ago amounted to $ 4.19 a gallon in the wake of Russian invasion to Ukraine and a disorder that caused the world energy market. Prices eventually arrived until Record $ 5.02 and Galloon 14. Junebefore starting slowly but a permanent decline over three months during which The average price fell every day. The fall is partially guided by liberating the oil of American strategic oil reserveAnd partly concerns that there could be a US or global recession that reduced the demand for gasoline.

Even at $ 3.51, the American gas prices were only below average $ 3.53. February 2022. Year before Russian invasion on Ukraine.

The bloga said that one thing was guarding the prices to get anywhere near the record level 2022. It is that the United States is planning additional editions from the SRA and American oil production and refining capacities. But a million barrel cut daily Oil Oil Operation + will not be easy to compensate.

“They have the opportunity to cut production and seems motivated to do it,” he said.