Rising prices
No motorist likes to refuel. It must be said that this moment is not very pleasant, although in general it means a waste of time and especially money. This is especially true now, when the prices of gasoline and diesel fuel are very high. And it begins to continue, since this trend began with the beginning of the war in Ukraine. And unfortunately, she doesn’t seem ready to stop anytime soon. Indeed, the price of fuel rose again last week. The latter is also relatively significant, with an increase of 3.3 cents for diesel now reaching 1.8302 euros per liter, and a 2.5-cent increase for unleaded 95-E10 gasoline, which sells for €1.833 a liter. Such figures follow from the price list as of Friday, February 16, published by the Ministry of Ecological Transition. It is important to note that this increase is the fifth week in a row since January 12.
Europe has agreed to end the heat engine 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
A real flash
Then the price of diesel was 1.72 euros per liter and for gasoline – 1.76 euros, which seemed almost acceptable compared to today. This recent surge in prices takes us back to mid-November levels, when the curves were trending down. However, from the beginning of 2024, prices bottomed out and then started to rise again. Several factors explain this situation. First of all, the increase in the distribution margin was noted CLCV association. In January, these markups reached 26 cents per liter of petrol and 22.2 cents per liter of diesel fuel, while annual averages for the period 2018 to 2021 were around 15 cents. In addition, crude oil prices are also rising. In fact, Brent rose $3.5 to $84.2 a barrel last week. That upward trend continues this Monday amid geopolitical tensions in the Middle East, including attacks in the Red Sea region that have raised fears of supply disruptions.
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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.