Gasoline Prices in The US Hit a 9-month High as Refiners Continue to Cut Production

Gasoline prices in the United States hit a nine-month high, as drivers take to the roads in the holiday season, crude oil prices continue to rise and refiners continue to reduce fuel production due to weak profit margins.

According to the American Automobile Federation, gasoline prices at gas stations exceeded $ 2.25 a gallon this week, the highest level since March when Covid-19 was declared a global pandemic.

Data from the US Energy Information Administration published yesterday, Wednesday, showed that demand for gasoline in the United States rose to about 8.1 million barrels per day in the week ending December 25.
December from 7.6 million barrels per day at the beginning of the month.