how much does gasoline and diesel cost?
Fuel prices in Spain give a breakthrough in early November. Both fell for the first time after three straight weeks of gains: A liter of 95 gasoline costs 1,504 euros.0.2% less than the previous week, and diesel is priced at 1391 euros.0.07% less. This is evidenced by the latest data from the EU Oil Bulletin, which shows prices including taxes.
Petrol prices are down 8.9% and diesel prices are down 9.2% since the downward spiral began in July last year, coinciding with the summer holidays, when more travel typically takes place throughout the year. .
Refilling the gas tank costs 82 euros.
At current prices, filling up an average 55-litre tank of diesel costs around €76.50, which is around €13.7 less than the same period last year. For petrol cars this will be around 82.72 euros, which is around 8 euros less than for the same week in October 2023.
Despite the recovery, the average price per liter of diesel remains below the level it was before the Russian invasion of Ukraine (which began on February 24, 2022), when it was €1,479 per liter. Petrol also remains significantly lower, as at that time its price was 1,591 euros per liter.
Moreover, at these levels the price petrol stays in Spain below the European Union averagelocated at a price of 1633 euros per liter, and from the eurozone with an average price of 1683 euros. In case dieselthe price in Spain is also lower than the EU average, which is 1,526 euros, and the eurozone, where the price is 1,550 euros.
In this scenario, you also need to look at the price of crude oil. A barrel of Brent crude, Europe’s benchmark, fell 0.57% to $74.51 a barrel after 4 p.m. On the other hand, US benchmark West Texas Intermediate (WTI) crude fell 0.67% to $71.22 a barrel.
However, it is worth remembering that the price of fuel depends on many factors, such as its specific price (regardless of the price of oil), crude oil production dynamics, taxes, raw material and logistics costs, and gross margins. Moreover, the evolution of crude oil prices does not directly affect fuel prices, but occurs with some time lag.