July 13, 2022 – 14:44
Sontirat pointed out that lower oil prices will help ease inflation pressures. Advice to keep an eye on the economic recession while the price of the product is still high making people even more worried
Sonthirat Sontijirawong, secretary-general of the Future Thai Party Private Facebook post states that the news of world oil prices fell today. I have my thoughts on this news.
1. The price of crude oil fell. Therefore, we expect that the price of petrol in front of the pump will decrease. If the reduction is true, it will help us pay less for gas. But you have to understand that the price of crude oil fell The price of petrol in front of the gas station may not go down immediately because the price that is traded is the future price. And the price in front of the pump has a complex thinking mechanism and other numbers. More than the price of crude oil, let’s calculate together.
2. But the price will go up and down, it still depends on the actual consumption of people in the country as well. like in America It is now predicted that People will drive less even when it’s summer at their home. Typically people would go for a drive between cities, his energy agency, the EIA, predicted a 2.2% drop in oil consumption from last month.
3. Thailand itself There are fuel consumption figures at the beginning of July here. Gasoline is 25.289 million liters per day. 29.367 million liters less per day than June, representing a 13.9% decrease. Diesel is similar, with July consumption is 56.933 million liters, but June consumption is 67.344 million liters, a decrease of 15.5%.
However, it must be seen that If our oil consumption figures are like this Will it affect the supply-demand system or not? But seriously, what everyone should be watching is regarding inflation I recently read a news report from the World Economic Forum’s Concern Survey:
Today people around the world are very concerned regarding inflation. While concerns over the COVID-19 situation have subsided, oil prices have taken effect. Especially if this is the case, concerns regarding inflation may be reduced. because the price of oil has changed But the things that we still need to keep an eye on are
It’s regarding recession because many factors indicate that. The higher the price of food items increases, the more worrying will be.
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