The price of gasoline continues to fall. The Russian invasion of Ukraine has resulted in gas station signs marked 2.20 euros during the most difficult weeks of the war, but this situation gradually improved.

There are basically two reasons why refueling a tank is getting cheaper. First, the fear of a possible recession in Europe. High inflation is seriously hurting the household economy, and family consumption is getting smaller and smaller, which leads to a breakdown in the coffers of commercial companies.

We should not forget about high energy prices, which led to a slowdown in the development of the industry. Key European public institutions such as the European Central Bank or the European Commission have warned against “hard winter” facing the West after the war.

The second reason is that there is a 20 cent discount approved by the Government. Since last June, Spaniards can save up to 30 cents if they refuel at gas stations such as Repsol, BP or Cepsa. The measure, which was in place until September, has been extended until the end of the year as forecasts for expensive fuel will continue through much of the fall and winter.

However, according to official figures from the European Petroleum Bulletin, the price of petrol and from diesel falls again for another week. In particular, a liter of gasoline remains in €1.70c, including taxes, and the cost of diesel fuel is reduced to €1.86. In both cases, they are four cents less than a week ago.

Such figures have not been seen since last April, when Putin’s threat to leave Europe without fuel became real, and a liter of diesel and gasoline rose to 30 cents in just one week, rising from 1.57 euros to 1.87 euros.

Diesel is still expensive

Another week, the price of diesel is much higher than gasoline. A situation that has become common since the beginning of the war, although it is true that it is not common, since diesel is cheaper than gasoline.

However, Russia is the main exporter of this type of fuel to Europe, and purchase restrictions have meant that diesel fuel is still more expensive than gasoline.

The fall in fuel prices is a direct consequence of the fact that oil continues to fall. A barrel of Brent crude oil from the North Sea is paid for, which is used as a benchmark in Europe. less than $90. A few days ago it was over 95.

The situation in Europe is different from the situation in the US. The North American country recorded its first rise in 99 days due to the strength of the dollar. It should be remembered that a few weeks ago, a liter of various fuels increased slightly in the Old Continent, although in subsequent revisions it fell again.