Economist Gonzalo Bernardos warns of what will happen to petrol prices
The cost of fuel and diesel is constantly changing and its price in Spain is going through a process of instability. However, we wear almost a month, during which prices continue to fall, something unheard of.
Gonzalo Bernardos is a professor of economics at the University of Barcelona, also known as Regular host of talk shows in various media outlets. for example RAC1 or La Sexta.
Now he has spoken about it price drop and claimed that This is because “things are going very badly in China.” Both the country and Southeast Asia are major consumers of raw materials, especially oil, and therefore global demand is lower.
He also explained that part of the European Union is experiencing meager growth, and this is recently In the US, “an economic recession is much more likely.”
Bernardos commented on this “All this reduces global demand, which is below the sentence. That’s why, “Prices are expected to fall.”
However, he assured that this “This doesn’t mean that people have a bad time at gas stations, because always on leave When the need for transportation increases, Two things happen: first, the gas stations make more money. Second, the oil distributors do the same thing.”