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Why are gasoline prices going up? Saudi production cuts matter.

Por: MarketWatch Business August 05, 2023

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“Definitely this is another factor that’s going to push [gasoline] prices up,” said Phil Flynn, analyst at Price Futures Group, in a phone interview, noting that pump prices have been driven up by “everything from refining issues to better-than-expected demand.” Earlier: Oil futures , reclaiming ground lost the previous session after a downgrade of the U.S. sovereign credit rating by Fitch Ratings dented market sentiment. Brent... + full article



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