The fact that the oil price in the United States is expected to rise above $5 per gallon has aroused heated discussion among many people. Oil price has always been a matter of great concern to all of us. The problem of oil price is closely related to our life. The trend of soaring oil prices in the United States is very obvious. Now the local oil price has broken the historical record. The United States is the country with the largest consumption, but the local oil production is not high and it needs to import a lot of oil. However, due to the influence of external wars, local oil prices in the United States have also fluctuated greatly.
First, affected by the war.
I believe many people are concerned about this international war. The rise in American oil prices is directly related to the war. In this case, the local area is also very anxious. Without crude oil imported from Russia, the prices of gasoline and crude oil-related products in the United States will undoubtedly rise. In order to curb the rise in oil prices, the local government has also intervened, hoping to reduce oil prices, but the effect is not obvious at present.
Second, because of the large demand.
The shortage of supply is also the main reason for the rise in local oil prices. As we mentioned earlier, the United States is the country with the largest demand for oil. Now, due to various reasons, demand exceeds supply, so oil prices will soar. In fact, it is not only in the United States, but also in many places.