the minimum wage allows you to buy twice as much fuel in 2023 as in 1973

by time news

2023-09-19 15:57:26

Since the outbreak of war in Ukraine on February 24, 2022, the price of a liter has danced tango around the two euro mark. STEPHANE MAHE / REUTERS

DECRYPTION – Everyone seems convinced that it has never been so expensive to refuel their car. But is it so sure?

The two euros per liter mark for fuels has become a national line of defense that concerns consumers, politicians and manufacturers. TotalEnergies has committed to capping prices at 1.99 in its 3,400 service stations “as long as prices remain high” according to the terms of the oil company. Fabien Roussel, the national secretary of the Communist Party, calls on the French to “invade gas stations, supermarkets, prefectures” (sic). And the government is urging gasoline and diesel distributors to sell at a loss. In exceptional circumstances, heterodox measures, because everyone seems convinced that it has never been so expensive to refuel their car. But is it so sure?

Since the outbreak of war in Ukraine on February 24, 2022, the price of a liter has danced tango around the two euro mark. A historic level, certainly. But there are three ways to look at the price of a product…

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