this is what happens in February

During the month of February The Spanish fuel market is in a difficult situation due to the constant rise in prices.which has caused concern among consumers and experts in the sector.

What are the reasons for this significant growth? Read on to learn about some of the most notable reasons, as well as their implications and price forecasts for the coming months. Without a doubt, this is a topic of great interest and concern, both on a daily basis and due to the impact that this kind of increase will have on all sectors and which will affect, directly or indirectly, our finances. .

Upward trend: month of continuous growth

In Spain, prices for gasoline and diesel fuel have fallen. constant increase of six cents over the past month, which represents a full month of continuous growth. Despite the moderate trend, the filling of tanks has increased significantly, increasing on average by almost 3 euros per load compared to mid-January.

Yes, sure current prices are below the highest level of summer 2022.With petrol reaching €2,141 and diesel €2.1, forecasts suggest this rise could continue in the coming months. All this leads to a state of great uncertainty for the population in general, but especially for drivers who are concerned about this phenomenon and wonder about its causes.

Factors contributing to rising prices

There are several factors that contributed to the rise in fuel prices last month, and this trend looks set to continue in the coming weeks. And from the end of 2023 to the beginning of 2024, the price of gasoline remained at 1,540 euros per liter. Nevertheless, There has been a steady increase in recent weeks

resulting in an increase in the average price of approximately €1,606 per liter, indicating increased pressure on the market.

At the same time, the price of diesel fuel has also increased in recent weeks: from 1,528 euros per liter to 1,562 euros per liter. This fact adds to the general concern because Both fuels are up 2% this year.for four weeks in a row.

Future prospects and challenges

CEEES (Spanish Confederation of Service Station Employers) believes that expectations for the coming months are not positive. The organization, among other things, provides additional increase of up to 34 cents per liter for diesel fuel and 22 cents for gasolinewhich is due to the ongoing tax reform.

This scenario presents additional challenges for drivers., who, despite higher expenses, taxes to the Exchequer, etc., experience a decrease in their ability to travel significant distances. Vehicle users across Spain have experienced a direct economic impact due to a combination of higher costs and lower mileage.

In practice, consumers in general, and drivers in particular, are concerned about the rise constant price of gasoline in Spain

during February.

Prices continue to rise due to tax reform and geopolitical tensions., which creates uncertainty about when and how they will stabilize. While this is happening, authorities and experts are looking for sustainable solutions in a changing economic context, and drivers and the industry as a whole are being challenged to adapt to this new reality.