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How much will the price of gasoline rise after Iran’s attack on Israel?

Date: May 19, 2024 Time: 06:16:13

The price of gasoline once again worries drivers who these days have to fill the tank of their cars. The warnings that Iran had been issuing about its attack on Israel already caused the cost of fuel to rise to its maximum annual price a few days ago. Specifically, filling with gasoline costs on average 1,660 euros per liter. What will happen now to the price of oil? For now it seems that, far from becoming tense, the price of crude oil is relaxing, so we will continue to wait to see how the crisis in the Middle East develops to see whether or not there are large increases in fuel prices. Meanwhile, the average price of a liter of diesel also rose last week and reached 1,551 euros. So far in 2024, diesel has become more expensive by 3.88%.

Both the rise in the price of gasoline and diesel fuel heralded an escalation of tension and the markets were preparing for an imminent attack. Now the main question is how will it affect? Manuel Pinto, an analyst at It could be difficult to break the rise and consolidate $100 per barrel, thanks in part to OPEC, which could increase production, and to the US loss of crucial votes.

Since when has the price of gasoline increased?

The average price of both fuels began 2024 registering its first increases in three months, after accumulating one decrease after another since the end of September that led it to end last year at the lowest levels of the year after adding a reduction in prices of almost 15%. .% in the case of gasoline, and more than 13% for diesel.

How much does it cost to fill a tank of gasoline or diesel?

With current prices, filling an average 55-liter tank of gasoline costs about 91.3 euros, 1.6 euros more than at the same time last year, when it cost about 89.7 euros and no longer existed. the discount of 20 cents per liter that was in force for much of 2022. For diesel vehicles, filling a medium tank (55 liters) currently represents an outlay of 85.3 euros, 1.15 euros more expensive than in the same week of 2023, at which time the price Price of 84.15 euros.

Where is it most expensive to fill a tank?

With these levels, the price of 95 unleaded gasoline in Spain remains below the average of the European Union, located at 1,800 euros per liter, and of the eurozone, with an average price of 1,853 euros. In the case of diesel, the price in Spain is also lower than the EU average, which is 1,695 euros, and the euro zone, where the price is 1,723 euros.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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