With the Ukraine conflict and the ban on Russian oil imports, the administration of President Joe Biden is looking for alternative sources to calm gasoline prices in the country.
In the international market, the price of US WTI oil increased by 2.68%, to 107.06 USD/barrel at 7:00 am on June 25, Vietnam time. While the price of Brent crude oil delivered in August increased by 2.85%, to 113.19 USD/barrel.
According to AAA, gasoline price US retail sales are averaging $4.94/gallon, about 10 US cents off the peak.
Meanwhile, major US refiners and Energy Secretary Jennifer Granholm attended an emergency meeting on the issue without any concrete solution to lower prices, but the two sides agreed. work together, Reuters quoting a source familiar with the matter.
U.S. President Joe Biden has called on Congress to pass a 3-month moratorium on federal gasoline taxes to help combat record gas prices and provide temporary relief to American families this summer.
With the Ukraine conflict and the ban on Russian oil imports, the administration of President Joe Biden is looking for an alternative supply to soothe domestic gas prices. Maybe the US will have to relax some of the sanctions imposed on Venezuela or try to befriend the Crown Prince of Saudi Arabia to secure valuable oil supplies.
According to NPR, the head of the White House is planning to visit the Middle East from July 13 to 16. President Biden is expected to personally visit Saudi Arabia, which he called an “outcast country” when he ran for president.
In the Vietnamese market, on the morning of June 25, the price of gasoline oil in the market was not higher than the price:
Gasoline E5RON92 no more 31,302 dong/liter
Gasoline RON 95 not higher than 32,873 dong/liter.
Diesel not higher 30.019 dong/liter.
kerosene not higher 28,785 dong/liter
Mazut oil not higher than 20,735 VND/kg.