MADRID, 18 (EUROPE PRESS)
The average price of fuels has added its eighth consecutive week of falls and accumulates a reduction in price of up to more than 16% since the end of June, when it cut the upward trend in which it had been immersed since the beginning of the year, increased since the invasion of Ukraine by Russia, with which it has fallen to its lowest level in April.
Specifically, the average price of a liter of gasoline this week stood at 1,797 euros, after registering a drop of 3.34% compared to seven days ago, according to data from the European Union Oil Bulletin collected by Europa Press. In this way, it has already accumulated eight consecutive weeks of declines, registering a drop in price of 16.1% since June.
In the case of diesel, the average price per liter has fallen this week to 1.806 euros, after posting a drop of 2.58%, chaining its seventh fall and accumulating a decrease of 14%.
In this way, both fuels have fallen to their lowest level since last April 11, when they were already immersed in the upward spiral of prices after the invasion of Ukraine by Russia.
This average amount of both fuels includes taxes, but does not reflect the discount that came into force since last April 1 of at least 20 cents per liter, since there are higher discounts, depending on the oil company and the promotions to customers. loyal.
Counting on this subsidy, the price of a liter of gasoline would be 1,597 euros, while that of diesel would stand at 1,606 euros, in both cases clearly lower than those marked at the end of March, before the entry into force of the aid –1,818 euros per liter in the case of gasoline and 1,837 euros for diesel–.
However, despite this reduction in prices recorded in recent weeks, the price of fuel registers a particularly high price compared to recent years at this time of summer.
26% AND 42.6% MORE EXPENSIVE THAN A YEAR AGO
Thus, compared to the same week a year ago, the average price of a liter of gasoline is 26% more expensive, while in the case of diesel it has become 42.6% more expensive, although without taking into account the bonus currently in force.
Collecting the subsidy, the price of a liter of gasoline is 12.7% more expensive than in mid-August 2021, while in the case of diesel the price is 26.8% higher.
These figures are recorded in an environment of high crude oil prices in the current context, marked by the war in Ukraine. However, this Thursday the barrel of Brent, a reference in Europe, was trading below 100 dollars (95.21 dollars), while the American Texas was exchanged at 89.25 dollars.
The price of fuel depends on multiple factors, such as its specific price (independent of oil), the evolution of crude oil, taxes, the cost of raw materials and logistics, and gross margins.
In this way, the evolution in the price of crude oil is not transferred directly to gasoline prices, but rather with a time lag.
EU LEVELS
With these levels, the price of unleaded gasoline of 95% remains in Spain above the average of the European Union, located at 1,774 euros per liter, although not of the euro zone, with an average price of 1,818 euros.
In the case of diesel, the price in Spain is also higher than the EU average, which is 1,804 euros, although not that of the euro zone, with a price of 1,833 euros.
However, including the bonus of at least 20 cents per liter, the price of both fuels in Spain would be below the European average.
The price of fuel has become cheaper by more than 16% since June and falls to a minimum in April
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The price of fuel has become cheaper by more than 16% since June and falls to a minimum in April
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The price of fuel has become cheaper by more than 16% since June and falls to a minimum in April
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