ANALYSE – The weakness of the European currency for a year has greatly increased the energy bill in France and in Europe and at the same time worsens the inflationary outlook. The ECB is beginning to worry about it half-wordly.
Before refueling their car, motorists should look at two essential indicators: on the one hand, the price of a barrel of crude oil quoted in dollars on international markets and, on the other hand, the parity of the euro against US greenback screw. The fuel price records, around 2 euros per liter in France in recent months, can certainly be explained by the surge in black gold prices since the outbreak of the war in Ukraine, but also by the almost interrupted weakness of the European currency. What makes the situation worse.
Read alsoAre you vulnerable or protected against inflation?
According to calculations by UFIP Énergies Mobilités, the oil industry union in France, pump prices for a liter of diesel and SP 95 would now be 13 cents lower than they are if the euro-dollar rate had remained at its level of the end of December 2021. The euro was worth 1.13 dollars on that date, while it fell to just under a dollar last week. In other words…
This article is for subscribers only. You have 85% left to discover.
Cultivating your freedom is cultivating your curiosity.
Keep reading your article for €0.99 for the first month
Already subscribed? Login