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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessBRIEF: ECB's Panetta-Time To Start Thinking Of NGEU Successor
MNI China Daily Summary: Wednesday, Aug 21
US Looking to Keep Gasoline Prices Steady into Driving Season
The US is aiming to keep gasoline prices in current ranges into this summer driving season according to President Biden’s top economic aide.
- “This is the time of year when the gasoline mix changes, and so we’re keeping a very close eye on gas prices at the pump and also of course some of the events in the Middle East,” Lael Brainard said.
- Brainard declined to directly answer whether the administration is considering another release from the Strategic Petroleum Reserve.
- She also gave no indication if the US will add oil sanctions against Iran following other additional measures against Iran announced on April 18 in retaliation for its attack on Israel.
- “There are of course things that have been done in the past, and we’ll continue to very closely monitor, make sure gas prices remain affordable for so many American families heading into the summer driving season,” Brainard said.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.