Saudi Arabia raises oil prices to The US, Europe and Asia

[Yzd Khalifa]

it'll be spread out again over all users at the pump

Depending ....

 

[PeaceGen]

Depending ....

depending on what?

 

[Audio]

Most of this will be spread to Asia.

EU gets traditionally only around 7% from Saudi Arabia and on average around 17% from the Gulf countries. And iirc Americans are steadily reducing imports too.

Energy: EU Crude oil imports - European Commission

 

[Yzd Khalifa]

depending on what?

Well,

It depends what country your talking about in the EU, each state has her own gas prices rates, so does gas stations and so on.

Most of this will be spread to Asia.

EU gets traditionally only around 7% from Saudi Arabia and on average around 17% from the Gulf countries. And iirc Americans are steadily reducing imports too.

Energy: EU Crude oil imports - European Commission

Soon the US will be energy-independent..