16:41 - 25.05.2026

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May 25, Fineko/abc.az. American motorists have faced an increase in gasoline prices of almost 40% in a few weeks because of the rise in oil prices. Household spending is growing, and consumers are forced to cut back on other spending.

ABC.AZ informs that fuel demand remains high ahead of the summer season, while gasoline stocks are declining rapidly - according to forecasts by Morgan Stanley, they may fall to 198 million barrels by the end of the summer. At the same time, refineries are switching to diesel and aviation fuel with higher margins.

The total losses of the US economy related to the conflict are estimated at more than $41.5 bn, and additional fuel costs are almost $45 bn. The average price of gasoline has already exceeded $4.5 per gallon and may continue to rise with continued supply disruptions.