Oil prices have risen for more than a month in a row, and there are signs of a fallback

Oil prices have risen for more than a month in a row, with signs of a fall (Alberta Times) Recent figures from the American Automobile Association (AAA) show that since January in the United States, oil...

Oil prices have risen for more than a month, with signs of a fall (Alberta Times) Recent figures from the American Automobile Association (AAA) show that oil prices in the United States have continued to rise since January. The main reasons for this situation are the increase in international crude oil prices, production reduction and the closure of some refineries. According to a report from the U.S. Energy Information Administration, two-thirds of the reasons come from rising crude oil prices. The international price of a gallon of crude oil has increased by 10% in the past two months. At the same time, with the current recovery of the U.S. real estate market, improvement in the job market and improvement in the consumption index, Americans have increased their consumption of gasoline, which has also led to an increase in gasoline prices. In addition, OPEC has reduced oil exports by 1 million barrels per day in the past few months due to increased U.S. oil production in North America. Some refineries have closed or are preparing to shut down before restarting in the summer. The rise in oil prices couldn't come at a worse time. It is still winter, and families' heating bills have increased compared to previous months. In addition, the arrival of tax filing season has reduced their actual income, and there is also a large expenditure reduction plan that the government is about to face. All these factors may bring new impacts to Americans' lives. As of March 20, the national average oil price was 3.716, and the average price in Alberta was 3.589, a slight decrease. In the early morning of March 20, the lowest price of ordinary oil in the state was 3.21 at the Tucson station, and the highest price was 4.19 at the Williams station. The lowest mid-range price is 3.29 in Tucson and the highest is 4.10 in Winslow. Premium oil was as low as 3.39 in Tucson and as high as 4.25 in Wickenburg. The lowest price of diesel is 3.79 in Xifengcheng, and the highest price is 4.59 in Flagstaff Port.