The rates of fuel drop significantly, and it is a real relief for buyers. The global economic situation, not always simple, plays an important role in these pump changes. Today, diesel is negotiated under 1,5 euro the liter and gasoline below 1,6 euro – A welcome drop for many homes.
Variations in prices
The fuel market knows a lot of ups and downs. In supermarkets, the price of diesel is located around 1,55 eurowhile he reaches 1,65 euro in independent stations. As for the SP95-E10, it revolves around 1,70 €/l After culminated at 1,73 €/l At the end of March. Michel-Edouard Leclerc argues that a price of 1,50 €/l For diesel is “quite possible”.
Several factors explain this drop. The fall of the dollar compared to the euro plays an important role, as is the increase in customs duties in the United States and the economic forecasts revised downwards. OPEC has also announced quadruple its production, which helps keep stocks high, even if global demand remains stable.
The economic situation and international issues
International events also influence these rapid price movements. For example, the barrel of Brent has slipped $ 76 in early April within 60 dollarsto go back slightly to 64 dollars mid-April. On the American WTI (West Texas Intermediate) market, the barrel has descended below 60 dollars For the first time in more than four years. This development is partly explained by the Pandemic of COVID-19 and by the new customs duties announced by Donald Trump.
Production has increased upwards in the United States and certain OPEC member countries, which feeds this downward trend. However, if prices continue to fall, countries like Saudi Arabia, Iran or Iraq may well adjust their production to try to stabilize the market.
Reactions on the oil market
Dmitri Peskov, Kremlin spokesperson, describes the current market as “extremely turbulent and tense”. With us, distributors do not allow themselves to be dismantled and reacting quickly to the smallest variations. Francis Pousse, president of Mobilians and Pompist in Sarthe, confirms in the editorial staff of the 20 -minute “as of Saturday”, a drop had been observed thanks to a fixed margin of approximately 3 to 4 cents per liter in this hyper competitive sector.
Olivier Gantois mentions that a barrel found the level he posted before the war in Ukraine. If this trend is maintained, this should lighten the transport budget for many consumers.
