WASHINGTON, April 1. /TASS/. The US administration considers a price level of $100 per barrel and above to be "a baseline," but does not rule out that it could rise to $200, Politico reported.
According to the publication, the US president received information from the Treasury Department and major energy market players about possible oil price dynamics. The introduction of emergency measures was also considered. An unnamed industry representative described the situation as an "all hands on deck mode". Another source told the publication that the US administration is trying to think through all possible ways to reduce energy prices.
A White House representative, in turn, denied reports of discussions or forecasts of oil prices in the near future.
Oil market analyst Rory Johnston believes that it is still too early to assess the impact of the Middle East conflict on gasoline prices. According to him, "that wave is expected to hit the US in about two weeks," which will be "very hard on consumers."
Since the start of the US-Israeli operation against Iran, gasoline prices in the United States have risen by an average of $1 per gallon. Diesel fuel prices increased by $1.5 from $3.75 to $5.4 per gallon.
The historical maximum average gasoline price in the United States was recorded in June 2022, when the price of one gallon exceeded $5. GasBuddy portal, which tracks fuel price dynamics, published data on March 31 showing that gasoline prices in the United States exceeded $4 per gallon for the first time since August 2022.