02MAY2019 - NEWS - Gas prices accelerate higher in US - Rude awakening come 2020

Some analysts say the biggest shocks to gasoline prices could come at the end of 2019 into early 2020. That’s when a new international marine law goes into effect that will require vessels to use cleaner but more expensive marine fuels.

That change, which is expected to significantly lift diesel prices, is spurring refiners to shift production to diesel from gasoline, which could further tighten supplies.

Trump has reacted to rising gasoline prices by using his Twitter account to pressure OPEC to increase production. Those tweets have moved markets in the short term.

Some parts of the country are already experiencing price shocks. In California, refinery outages that crimped supplies helped drive gasoline prices above $4 per a gallon a couple of weeks ago.

Published by Editor - www.Livebunkers.com at 02-May-2019 04:52:55 [UTC] , contact editor at editor@livebunkers.com