2022-07-12T01:16:45.377Z
Media: Biden's visit to Saudi Arabia will not help the price of gasoline Joe Biden's visit to Saudi Arabia in the coming days is unlikely to help lower gasoline prices, which have reached record highs in the United States. According to APA, experts of Politico came to this conclusion. According to them, the US leader is eager to increase oil production. But even if Arabia increases production, it will not be immediately felt in the market. The process takes weeks, fr
Joe Biden's visit to Saudi Arabia in the coming days is unlikely to help lower gasoline prices, which have reached record highs in the United States.
According to APA, experts of Politico came to this conclusion.
According to them, the US leader is eager to increase oil production.
But even if Arabia increases production, it will not be immediately felt in the market.
The process takes weeks, from the decrease in the price of the raw material to the decrease in the price of the final product.
Source: apa
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