The government will beef up the monitoring of gasoline prices to prevent excessive pump price increases amid rising global oil prices stemming from the Middle East crisis, the finance ministry said Friday.
(Bloomberg) Disruptions on the world’s major trade routes, refinery closures and resurgent demand are pushing up global fuel prices and making forecasts difficult in the run-up to a US presidential election in which inflation will be a key issue.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Rally Stalls in Countdown to Inflation Data: Markets WrapChina Has Never Canceled This Many Shipments of US WheatTech CEOs Are Addicted to Taking Needless Risk