US gasoline stocks hit 12-year low
Gasoline supplies in the United States have fallen to their lowest level since November 2014, reaching 204 million barrels last week. This decline followed the shutdown of a major refinery in Chicago, which led to a decrease in inventories and tighter supply. Although the refinery later resumed operations, the supply crunch continues to impact the market, causing the average gasoline price to rise to $4.43 per gallon — the highest level since mid-August. This situation is exerting pressure on the Trump administration and the Republican Party ahead of upcoming elections. There are concerns that imposing a ban on diesel exports could reduce the production of gasoline and jet fuel, potentially worsening the crisis.
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