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Market
Average US Petrol Price by October 31, 2024
5
Resolution / Starting Odds
Below $3.00 per gallon • 25%
$3.00 - $3.49 per gallon • 25%
$3.50 - $3.99 per gallon • 25%
$4.00 or higher per gallon • 25%
Data from the US Energy Information Administration (EIA)
Story
Biden Administration to Release More Oil from Strategic Stockpile to Manage Inflation Ahead of Election
Jun 17, 2024, 04:17 AM
The Biden administration is prepared to release more oil from its strategic stockpile to prevent a rise in petrol prices this summer, as it aims to manage inflation ahead of the November election. Amos Hochstein, a top advisor to President Biden, discussed this strategy in a recent interview with the Financial Times. Hochstein emphasized the administration's commitment to ensuring the market is well-supplied to keep prices low for American consumers.
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Similar markets
Below $3.00 per gallon • 33%
Between $3.00 and $3.50 per gallon • 34%
Above $3.50 per gallon • 33%
$3 - $3.5 per mBtu • 33%
$3.5 - $4 per mBtu • 33%
Above $4 per mBtu • 33%
Prices decrease significantly • 25%
Prices decrease slightly • 25%
Prices remain stable • 25%
Prices increase • 25%
Less than ₹105 per litre • 25%
₹105-₹107 per litre • 25%
₹107-₹109 per litre • 25%
More than ₹109 per litre • 25%
Less than ₹90 per litre • 25%
₹90-₹92 per litre • 25%
₹92-₹94 per litre • 25%
More than ₹94 per litre • 25%
Less than $75 per barrel • 25%
$75 to $80 per barrel • 25%
$80 to $85 per barrel • 25%
More than $85 per barrel • 25%
1.10 million BPD • 25%
1.20 million BPD • 25%
1.00 million BPD • 25%
0.90 million BPD • 25%