Gasoline: جو آپ کو جاننا چاہیے

U.S. gas prices have hit a fresh record since the start of the war with Iran, rising to an average nationwide of $4.23 per gallon Wednesday, according to AAA. اس جمعہ، Gasoline Pakistan میں توجہ حاصل کرنے والے موضوعات میں سے ایک کے طور پر سامنے آ رہا ہے۔

اہم حقائق

• U.S. gas prices have hit a fresh record since the start of the war with Iran, rising to an average nationwide of $4.23 per gallon Wednesday, according to AAA.
• The price of Brent crude, the international benchmark that influences the price of U.S. gasoline prices, stands at $114.60, up nearly 25% from the recent low seen April 17 and just a few dollars away from the recent high of $118.
• Gasoline prices have climbed $1.25 a gallon, or more than 40%, ​since prior to the war’s start in late February.
• And despite the price surge, households are still spending less of their budgets on gasoline than during peaks seen in 2008, 2011 and 2012.
• “A significantly bigger risk arises if higher gasoline and oil prices leak into other necessities such as grocery and utility prices — though so far there is little evidence for this,” the analysts wrote.

ہم جو جانتے ہیں

تفصیل کے ساتھ، the price of Brent crude, the international benchmark that influences the price of U.S. gasoline prices, stands at $114.60, up nearly 25% from the recent low seen April 17 and just a few dollars away from the recent high of $118.

خاص طور پر، Gasoline prices have climbed $1.25 a gallon, or more than 40%, ​since prior to the war’s start in late February.

اس کے علاوہ، And despite the price surge, households are still spending less of their budgets on gasoline than during peaks seen in 2008, 2011 and 2012.

قابل ذکر ہے کہ Oil and gas prices have spiked again, with some gas stations across Greater Cincinnati showing prices near $5 per gallon.

اس مرحلے پر as the Iran war enters its third month with peace talks stalled, the global energy crisis shows no sign of letting up.

اعداد و شمار

“This is the most serious squeeze, in terms of margin suppression, we’ve seen for retailers since 2020,” he said.

خاص طور پر، a day earlier, AAA recorded the biggest single-day increase in more than a month, with prices rising $0.07.

اس کے علاوہ، many gas stations have also sought to artificially keep prices below the $4 threshold by reducing their own profit margins, said Tom Kloza, chief energy adviser to Gulf Oil.

قابل ذکر ہے کہ However, the index remains well below both its pre-pandemic levels and the readings seen in the weeks following President Donald Trump’s second electoral victory in November 2024.

کیا کہا جا رہا ہے

“A significantly bigger risk arises if higher gasoline and oil prices leak into other necessities such as grocery and utility prices — though so far there is little evidence for this,” the analysts wrote.

پس منظر

قابل ذکر ہے کہ they continued, “While there may be capacity for some to ‘ride out’ a gasoline shock by relying more on credit card borrowing, this appears somewhat limited — particularly for lower-income households.”

اس مرحلے پر Thursday morning Brent Crude, a key benchmark for oil, is up to $122 per barrel.

تفصیل کے ساتھ، Overnight, AAA raised the average for a gallon of gas in Cincinnati to $4.45, a 24-cent increase from Wednesday.

خاص طور پر، In Covington, the average is up to $4.21, while Dearborn County is seeing an average of $4.22.

اس کے علاوہ، the BP on Kings Mills Road, in Mason, was $4.29 earlier this week.

خلاصہ

• The price of Brent crude, the international benchmark that influences the price of U.S. gasoline prices, stands at $114.60, up nearly 25% from the recent low seen April 17 and just a few dollars away from the recent high of $118.
• As the Iran war enters its third month with peace talks stalled, the global energy crisis shows no sign of letting up.
• They continued, “While there may be capacity for some to ‘ride out’ a gasoline shock by relying more on credit card borrowing, this appears somewhat limited — particularly for lower-income households.”
• تیزی سے بڑھتی تلاشیں: Californians now paying 6 bucks a gallon for kicks on Route 66, California Refineries Max Out Jet Fuel While Gasoline Starves, Strait of Hormuz Fears Send California Gas Past $6 a Gallon, Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline.