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Reasons behind Washington's fuel price rise
The United States has experienced a period of rising diesel and gasoline prices, despite being the world's largest producer and exporter of oil. This is due to global market disruptions, supply shortages, and uncertainty regarding the Strait of Hormuz and the status of Russian oil supplies. In recent months, the American administration has attempted to mitigate the crisis's impact by releasing strategic reserves and easing oil transportation, but prices continued to climb, reaching unprecedented levels. This has increased inflationary pressures and affected the domestic economy, especially with the upcoming midterm elections, which make fuel prices a significant political issue.
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