The Casino brand has decided to extend the “fuel work” for the summer holidays, which will reduce the bill for many motorists! https://t.co/SfW74jJthE
— AutoPlus (@AutoPlusMag) July 6, 2022
A few days ago, we were pleased with the drop in fuel prices, which actually started a few weeks earlier. Great news for motorists, it’s not always easy after the summer holidays because of the amount gasoline and diesel, not to mention the increase in fares. But, unfortunately, and if the situation improved a little, the joy was short-lived. Indeed, in the last few days, experts have been talking about stabilization of prices, and then about new growth. And, to the chagrin of the drivers, they were right. Indeed, the price of oil, which fell very sharply, is slowly starting to rise. Very bad news, as this can affect the amount paid at the gas station very quickly.
[#SudRadio]????@dupontainan : “For 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
Rising price
Oil prices did hit a one-month high this Wednesday, with North Sea Brent crude hitting $101.22 a barrel, a benchmark of sorts. For its part, West Texas Intermediate (WTI) rose to $94.89. High amounts that can be explained by several things. First of all, American inventories fell very sharply, which led to a fall in production and export, thereby increasing the cost of this raw material. But that’s not all. Indeed, the panic rate was influenced by the statements of the Minister of Energy of Saudi Arabia, who plans to reduce exports.
Prices that will rise
If gas station prices stagnate after a few weeks of decline, they may soon rise again. Fortunately, demand remains relatively weak at the moment, limiting growth. However, as diesel prices begin to skyrocket, gasoline prices should soon follow suit. Fortunately, the 30 cent discount officially announced by the government should somewhat limit the damage to the wallets of motorists who are paying the high price of this crisis.
I am introducing a bill aimed at reducing gasoline taxes in the face of record high fuel prices and taxing oil company dividends.
A few days before the big holidays, this is an important topic for the French. pic.twitter.com/84UlSqaEBM
— Fabien Roussel (@Fabien_Roussel) June 29, 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.