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In 2021-22, gasoline and diesel prices surged in the United States, reaching record highs, as part of a larger trend of inflation. [36] The average price of regular gasoline rose from $1.773 during the week of April 27, 2020, to $5 as of June 11, 2022, an all-time high. [37]
The Platts assessment process determines the value of physical commodities 15–30 days forward for many oil products loading in Singapore. [1]MOPS is an acronym that stands for the Mean of Platts Singapore, and typically refers to any contract mechanism that derives its value by referencing the average of a set of Singapore-based oil price assessments published by Platts.
The following is a list of countries by exports of refined petroleum, including gasoline. Data is for 2023, in billions of United States dollars . Currently, the top 10 countries are listed according to Worlds Top Exports ranking.
Diesel costs 8.79 ringgit ($1.86) a liter in neighboring Singapore and more than 4 ringgit ($0.86) in most other regional countries. It is heavily subsidized at 1.09 ringgit ($0.23) in oil-rich Brunei
Since January 2023, petrol is taxed at a rate of €0.53799/litre and diesel at a rate of €0.42875/litre, [17] with a VAT of 16% added to the total price. As of 2022, a "maximum fuel price" has been established by the government, capped at €1.534/litre for EURO 95 petrol and at €1.498/litre for diesel since 7 January 2025. [18].
It generated an estimated S$57 billion dollars in 2009. Technology used for oil refinement and trading centres in Singapore is on the cutting edge, and many well-established petroleum businesses, such as Exxon Mobil and Lanxess, are based in Singapore, owing to the country's "safe environment" and ideal trading location. [2]
Joann. The 81-year-old fabric and craft retailer filed for bankruptcy in March, falling victim to customers cutting back on spending, including on fabric, arts and supplies materials. Joann’s ...
Snow falls on the U.S. Capitol in Washington, D.C., Jan. 6, 2025. / Credit: Al Drago/Bloomberg via Getty Images