Gasoline in Israel may sharply rise in price — a new crisis is brewing

Rising global oil prices and the crisis in the Strait of Hormuz threaten a new increase in gasoline prices at Israeli gas stations. Brent crude has exceeded $91 per barrel. Analysts warn that if shipping problems persist, pressure on fuel costs in Israel will intensify. The situation in the diesel fuel market is particularly alarming.

Rising global oil prices and the crisis in the Strait of Hormuz threaten a new increase in gasoline prices at Israeli gas stations. Brent crude has exceeded $91 per barrel. Analysts warn that if shipping problems persist, pressure on fuel costs in Israel will intensify. The situation in the diesel fuel market is particularly alarming — refining margins in the US and Europe have reached record levels, which analysts view as a sign of supply tension. Bob McNally, president of Rapidan Energy Group, believes that oil futures may not fully reflect the risks of a prolonged crisis. For Israel, the decisive factor will be how global quotes change before the next revision of the regulated maximum gasoline price. The article references Maariv and assessments by energy market specialists.

Gasoline in Israel may sharply rise in price — a new crisis is brewing