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The price of gasoline has stopped the fall that has been going on for several weeks since it reached record highs last March and for some analysts it will return to go up.
The last downward data was recorded last week when it touched the minimum of $4. dollars per gallon, according to AAA data.
However, since then the price The average price of gasoline returned to the upward trend and now has five days with increases, although of a few cents.
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These movements continued this Wednesday with the national average price of regular gasoline in $4.11 dollars per gallon.
California continues to lead the price list with an average of $5.69d dollars per gallon of fuel.
Although the government of President Joe Biden is optimistic that the price of gasoline will continue to fall, for some analysts the scenario is not so encouraging.
“ It’s not going to go down anymore ,” said Andy Lipow, president of consultancy Lipow Oil. “This is terrible news for inflation,” he elaborated in an interview for CNN
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Gasoline was the factor that most fueled the inflationary rise last March and left the annual indicator at 8.5%, according to the most recent report from the Bureau of Labor Statistics.
The analyst sees two factors that will prevent gasoline from falling below the $4 floor dollars: the summer season and the lengthening of the military conflict in Ukraine.
The latter factor, explains Lipow, puts the world oil supply at risk again and has caused increases in futures of gasoline, which inevitably move the retail and wholesale price.
However, the international market scenario is still very uncertain, with prices per barrel of oil that rise and fall from one day to the next.
This uncertainty took the national average price of gasoline to a maximum of $4.33 dollars last March, a figure that was still far from the record of 2008, for $5.10 national average per gallon.
“I would not bet that $4.33 dollars will be the highest price in the coming months. It is possible that we will go higher “, considered Tom Kloza, global head of Energy Analysis at the Service of Information on Oil Prices.
The recent control of gasoline prices is associated with a drop in crude oil prices, blockages of China due to new outbreaks of covid-30, the fear of a possible recession and the unprecedented release of strategic oil reserves.
Under this scenario, the Energy Information Administration estimates that the price of gasoline will continue to fall to a national average of $3.84 dollars per gallon, during the upcoming summer season.
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