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Fuel Price Surge Amidst Export Issues
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Overview
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Gasoline prices in the U.S. are set to rise up to 15 cents per gallon due to Russian refinery outages post-Ukraine attacks, impacting global fuel supplies. US crude oil closed at $83.71 per barrel, while gold and silver prices increased. US LNG exports in March remained flat at 7.61 million MT due to constraints at Freeport LNG, second-largest exporter.
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How might the US reliance on Russian refinery imports impact its energy security strategy?
In what ways could the global LNG market dynamics shift due to the emergence of new exporters?
What strategies could the US adopt to mitigate the impact of fluctuating fuel prices on inflation?
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