Since the beginning of summer, gasoline has risen in price by about fifteen cents, and it may continue. But what is the reason for such incredible growth? Actually there are several of them. First of all, of course, we mean the war in Ukraine, as well as the embargo on Russian oil. In addition, the producing countries decided to reduce exports, while one should not forget about one or the other tax impact. Indeed, the latter make up at least 60% of the price of a liter of fuel. And the government currently refuses to make the slightest gesture.

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

Growth that will last?

Added to this is the growing demand for it summer vacation period. An explosive cocktail that can be felt, of course, at a service station. But will it last? True, according to experts, this is possible, while the OPEC countries will continue to reduce exports. According to the International Energy Agency, the market, which had rather a surplus, would become scarce and therefore more fragile in the second half of 2023“. And this will inevitably affect motorists, who will be the first to suffer from this price increase.

No more than 2 euros

But should we expect that fuel will again exceed the mark of 2 euros on average? Not necessarily, according to expert Philippe Chalman, professor of economic history at the University of Paris-Dauphin. The latter really explains that price per barrel should not exceed 100 dollars. Thus, “this means that normally we should probably not, at least until the end of August or the beginning of September, pass another symbolic threshold, 2 euros per liter.”

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