Why The Price Of Premium Gasoline Is Rising

1. China-Russia Relations Continue To Improve- The visit of Chinese President Xi Jinping to Russia this week highlighted increasing volumes of energy trade between the two countries as the latter was shunned by Europe. - February Chinese customs data shows that China’s crude oil imports from Russia rose to an all-time high of 2.01 million b/d, equivalent to almost 20% of all incoming oil. - Having already risen 42% year-on-year, steadily overtaking second-largest supplier Saudi Arabia, Russian exports into China are set to grow even further…