Gas stations impact the rise of oil in Iran but not the subsequent decline
Gas stations impact the rise of oil in Iran but not the subsequent decline
The escalation of tensions in the conflict between the US and Iran had its impact on the price of oil, causing it to reach prices above even 70 dollars , and this was immediately transferred to the price of fuels, which climbed to maximum peaks of The last six months. However, the same thing has not happened after the barrel of crude oil corrected, as gasoline keeps its price up .
In the middle of the week, coinciding with the high point of the events in the Middle East, the barrel of oil experienced a real upward spiral, rising more than 2% to, hours later, recede until leaving more than 1.5%, both in the case of the reference barrel in Europe, the Brent , as the American West Texas , which are listed in the area of 65 and 59 dollars, respectively.
According to the latest data from the European Union (EU) Petroleum Bulletin, the average price of a liter of diesel has increased more than 2% since last December 16, the last date on which the EU provided fuel data before the Christmas holidays, to stand at 1,247 euros in this second week of January.
Thus, the price of a liter of diesel is at its highest level since the first half of June , after it had fired 2019 installed in the environment of 1.2 euros per liter. Meanwhile, the price of a liter of gasoline has also rebounded strongly by rising 1.3% since the last data of December, to go up to 1.32 euros, its highest level since the end of September . In both cases, the reverse in the oil rally has not been reflected in the street or in the pocket of consumers.
A difference that is even more noticeable when compared to January of last year, when the price of fuels scored minimum. This means that filling a gas tank costs approximately 8 euros more on average than in the same month of 2019, while the increase in the case of the vehicle being diesel is almost 4 euros.
Despite this, gasoline is still cheaper in Spain than in the eurozone and EU average. Something because, in general, Spain still has a lower fiscal pressure than the community average.