Brent Crude & American Petroleum Institute

Brent Crude: Brent crude prices have risen sharply due to the Iran war and the closure of the Strait of Hormuz, impacting global inflation and economic outlook.

American Petroleum Institute: The American Petroleum Institute's chief economist noted that India's constrained LPG supply is adding pressure to an already tight United States — California gasoline market due to reduced alkylate exports.

Brent Crude: Brent Crude, as an international benchmark crude oil, saw its price rise significantly during the conflict, directly influencing the cost of gasoline. Its fluctuations are a key factor in the debate over pump prices.

American Petroleum Institute: The American Petroleum Institute, through its spokesperson Bethany Williams, has stated that gasoline prices do not move in lockstep with crude oil, especially during global disruptions, and that the industry shares the goal of delivering relief at the pump.

American Petroleum Institute: The American Petroleum Institute provides estimated crude oil inventory data, which is a key indicator for the oil market.

American Petroleum Institute: The American Petroleum Institute reported that US crude oil inventories jumped for the third straight week.