Gasoline Prices Are Set To Spike This Week ...Middle East

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Gasoline Prices Are Set To Spike This Week
With U.S. drivers preparing for Memorial Day weekend, gasoline demand is set to increase just as inventories continue to drop, pushing prices even higher.The executive director of the IEA, Fatih Birol, warned that given the current supply/demand situation, there is only one thing that can stop prices from surging higher and that is Chinese demand remaining weak over the upcoming months. - According to Platts estimates, China’s April demand plummeted to 13.35 million b/d, down 11.5% year-on-year, though recovering transportation demand…

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