Europe has agreed to phase out the use of heat engines by 2035. However, the fuel tax is an important source of revenue for the French state. https://t.co/M17WH4kOC3
— AutoPlus (@AutoPlusMag) July 6, 2022
Fuel has been falling in recent weeks. This is very good news for motorists after a very difficult period when a liter was sometimes well above the two-euro mark or even €2.30 at some service stations. Today, that might seem like a long way off, with an unleaded 95 costing around €1.75. Of course, this is still very high, but already much more acceptable than last spring, for example. So, it’s been a few days since gasoline prices and the diesel is stabilized. Nevertheless, we note a small increase in diesel, although it is not too serious yet. But it may happen that the prices will rise again more strongly. We explain to you the reason.
Fuel, tolls, additional costs, trips to departure are overpriced.
We’re talking about it this morning @pascalperri on @LCI pic.twitter.com/9woqpmc22p
– La Matinale LCI (@LaMatinaleLCI) July 8, 2022
Falling production
Indeed, it is possible that countriesOPEC+, the main oil exporters in the world, decide to slow down production. A decision mentioned by Saudi Arabia’s energy minister, who emphasizes that the market will be sufficiently supplied for now. He also cited weak global demand and said the market ” caught in a vicious cycle of low liquidity and extreme volatility. This, he said, “sends the wrong signals to the markets at a time when clarity is most needed.“. Therefore, the latter claims that OPEC+ can at any time ” reduce production at any time“. This measure would have a direct impact on the price of fuelwhich is likely to increase later.
nothing is done
However, nothing has been decided yet and this decision should not be taken before the next meeting of the countries of the organization, which will take place on September 5. It is possible that various governments, including ours, are asking them not to cut oil imports in order to limit the rise in prices. Last June, OPEC+, for example, agreed to increase output in July and August to limit rising prices. Therefore, it would be possible to foresee such a situation.
[#SudRadio]????@dupontainan : “In order to have a real reduction in the price of fuel to 1.50 euros, it is necessary to tax the profits of oil companies! »
????https://t.co/lUATrHpy5E pic.twitter.com/WuJhdZewZv
— Southern Radio (@SudRadio) July 4, 2022
Source: Auto Plus
Robert is an experienced journalist who has been covering the automobile industry for over a decade. He has a deep understanding of the latest technologies and trends in the industry and is known for his thorough and in-depth reporting.