Economic Realities Undermine Gasoline Outlook Amidst Price Rises
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#351b364e ver:0.14

The decline in oil prices, driven by concerns over China's demand and a forecasted decrease in US gasoline consumption, undermines the gasoline outlook amidst rising prices. OPEC+ remains positive about demand, but experts warn of the threat to the US economy, with oil prices nearing $90 a barrel. Higher prices could impact consumer spending, inflation, and interest rate cuts. The US biofuels industry faces challenges from imported low-quality cooking oil from China, while evidence suggests price-fixing and collusion within the US oil industry. The economic situation is turning ugly, with declining consumer spending and a potential recession. #OilPrices #GasolineOutlook #USconomy #PriceRises...

#newstr #GasolineConsumption #Economy #Recession #GasolineMarket #UsEconomy #EuropeanEconomy 

 https://here.news/story/351b364e?ver=0.14