2023-05-18 18:19:31
The energy crisis unleashed in February of last year with the start of the Russian invasion of Ukraine is already taking a breather. The data from the latest European Union Oil Bulletin confirm that the average price of Gasoline y diesel in Spain it is already below the levels of then. The average prices are 1.58 and 1.41 euros, respectively. The week of February 21, 2022, in which the war in Ukraine began, gasoline cost 1.59 euros per liter and diesel, 1.48. While socks are never specifically tailored to each consumer’s everyday experience, they are a good illustration of the change.
He average diesel price has fallen this week by 1.53% compared to seven days ago, to deepen a new minimum this year and fall to its lowest level since the end of January 2022. The average price of a liter of diesel is located, after nine weeks of falls, at 1,411 euros, also consolidating at a lower level than what it cost in the last week of 2022, when the government subsidy of 20 cents per liter was still applied. For its part, the average price of a liter of gasoline has chained its fourth consecutive fall this week and, with a decrease of 1.25%, stands at 1.579 euros, its lowest level since mid-February last year. The great weight of fuels in the evolution of inflation gives rise to hope that the CPI will moderate.
He Diesel price is consolidated for the fourteenth week in a row below the price of gasoline. Thus, it remains in the usual situation before the Russian invasion of Ukraine, which caused the price of diesel to be more expensive than gasoline continuously from August 2022 until mid-February of this year, when it broke that dynamic.
With these price levels, both fuels remain far from the highs they reached last summer, when in July gasoline reached 2,141 euros and diesel 2.1 euros. Likewise, gasoline and diesel continue for another week below the amount they marked (1.818 euros in the case of the first and 1.837 euros for the second) before the entry into force of the aid of 20 cents per liter approved by the Government at the end of March of last year, and that, since the beginning of 2023, has only been maintained for the group of professionals, which includes carriers, farmers, shipping companies and fishermen. In this context, this Thursday the barrel of Brent, a reference in Europe, was trading slightly down to around 76 dollars, while the American Texas is trading at around 72.4 dollars.
ups and downs
The historical evolution of the oil price shows high ups and downs. For example, in the case of oil, prices plummeted by almost 70% between January and April 2020. Since then rose nearly 250% to all-time highs of $120 a barrel in mid-2022. The Brent price target for producing countries is around 80 dollars a barrel, after having dropped below 70 dollars in recent weeks.
The price of 95 unleaded gasoline in Spain remains below the average for the European Union, located at 1.703 euros per liter, and for the euro area, with an average price of 1.754 euros. In the case of diesel, the price in Spain is also lower than the EU average, which is 1,535 euros, and the euro zone, where it marks a price of 1,563 euros.
The community partners where it is more expensive to fill the tank are Denmark, in gasoline, with an average price of 1.91 euros per liter; and Sweden in diesel, 1.84 euros. The most affordable service stations are, on the other hand, those in Bulgaria for drivers of gasoline vehicles (1.29 euros) and those in Malta for those with diesel, where the liter is paid on average at 1.21 euros.
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