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🚨 Historic moment! Brent crude oil surges 60% in March, the largest monthly increase since futures contracts debuted in 1988!
📊 Quick data overview:
Brent crude rose 60% in March, reaching a high of $119 during trading
Average US gasoline prices surpassed $4 per gallon, hitting a new high since August 2022
Since December last year, gasoline has increased by $1.25 per gallon
🔥 Driving force: Closure of the Strait of Hormuz, disrupting about 20% of global oil supply. The International Energy Agency calls this "the most severe oil supply shock in history"
💰 American consumers suffer:
Average household monthly fuel costs increase by $100-$150
Diesel prices surge 40%, breaking $5 per gallon, with freight costs fully passing through
48% of consumers are stockpiling to cope with rising prices
📈 Goldman Sachs and Reuters surveys both raise oil price forecasts, with analysts' upward revisions reaching record levels. If the Strait remains closed long-term, oil prices could test the $147 historic high
#油价 # Brent Crude Oil #通胀 # Energy Crisis #Strait of Hormuz