Soaring Prices at the Petrol Pumps

Petrol prices around the world

Petrol prices in the US have jumped almost 0.30 USD since the end of February.

What’s going on?

A few things are causing this, let’s be honest. One of the key factors in this fuel price hike is that energy is more in demand after many companies cut ties with Russia following the invasion of Ukraine in February.

So, what’s the outlook?

Experts are hopeful that prices will start to level off, at least temporarily, following a surprise drop in wholesale prices last week, but they also believe the peak is still “some way” off. Which is worrying.

What do you think?

Do you think prices will start to ease soon? Let us know what you think and why by tweeting us at @_contentworks.

Top fundamental events week commencing 13.06.22

We have a busy week ahead of us. Here are all the events to look out for.

Monday

● GBP — GDP 3-Month Avg (APR); GDP YoY (APR)

Tuesday

● EUR — Germany Inflation Rate YoY Final (MAY); ZEW Economic Sentiment Index (JUN)

Wednesday

● AUD — Westpac Consumer Confidence Index (JUN)

Thursday

● NZD — GDP Growth Rate YoY (Q1)

Friday

● JPY — BoJ Interest Rate Decision

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