HIGH FUEL PRICES IN THE USA, THE EUROPEAN UNION AND THE ASIAN DOMESTIC MARKETS.

HIGH FUEL PRICES IN THE USA, THE EUROPEAN UNION AND THE ASIAN DOMESTIC MARKETS.


High demand on fuel consumption in the USA, the European Union and the Asian domestic markets with limited fuel supply, due to the United Nation (UN), the USA and the European Union sanction on the petroleum producing countries such as Iran and Syria has been attributed to the continues fuel price increase in both the USA and the European Union domestic markets which has extended farther in to parts of Eastern Europe domestic markets and Russia. In the USA fuel prices at various gas stations have reached the top prices that ranged from three dollars ninety cents ($3.90) to four dollars ($4.00) for the regular fuel prices, while in the European Union domestic petrol stations the fuel prices flactuated at the prices of about one euro and seventy nine pennies ($1.79 euro) to one euro and eighty nine pennies ( $1.89 euro). The remarkable inflation on fuel prices in both the USA and the European Union domestic markets rated at ten cents (10 cents) increase in every three months to four months requires adjustment by sufficient fuel supply from other oil producing countries to stop the continues fuel price increase in both the USA and the European Union domestic markets.