Friday, 26 November 2021 04:06

Fuels could decrease US$0.10 for next week

Written by Evelyn Alas

Fuel expert, Julio Villagrán expressed that for next week fuel prices could show a decrease in regular gasoline, diesel and super are going to decrease US$0.10 per gallon.

According to the expert, prices will remain in balance by the end of 2021 due to the bets made by the United States with China, so that oil production prices will fall.

A U.S. media reported that the U.S. government announced that it will release 50 million barrels of oil from its "strategic reserves" to face the increase in gasoline prices, which is affecting citizens' pockets.

The media also indicated that the United States managed to persuade other large economies such as China, Japan, the United Kingdom, India and South Korea to also release part of their strategic reserves and thus help to increase the supply in the crude oil market.

This is good news for drivers, because they can fill up their vehicles with this slight decrease.

It is recommended that you use your vehicle only for what is necessary; you should plan your routes to avoid heavy traffic in order to save fuel.