The price of diesel and gasoline hit a new annual low on the eve of summer
The average price of liter of diesel continues to decline and has now accumulated nine weeks of consecutive declinesstanding at its lowest level since mid-July of last year, while that of gasoline has already accumulated seven weeks of drops, to hit lows since the end of April.
Specifically, the average price of a liter of diesel has fallen by 0.27% compared to last week, to stand at 1.453 euros, according to data from the European Union Petroleum Bulletin collected by Europa Press.
Meanwhile, the average price per liter of gasoline has added its seventh consecutive drop, with a decrease of 0.5% compared to a week ago, to stand at 1,615 euros, its lowest level since the end of April 2023.
The average price of both fuels started 2024 registering its first increases in three months, after accumulating one decrease after another since the end of September that led it to end last year at the lowest levels of the year after adding a reduction in prices of almost 15% in the case of gasoline, and more than 13% for diesel.
Deposits more expensive than in 2023
With current prices, Filling an average tank of 55 liters of gasoline costs about 88.84 euros1.17 euros more than on the same dates last year, when it amounted to about 87.67 euros and the discount of 20 cents per liter that was in force for much of 2022 no longer existed.
For diesel vehicles, Filling an average tank (55 liters) currently costs 79.92 euros.about 1.60 euros more expensive than in the same week in 2023, at which time the price was 78.32 euros.
Furthermore, the average price per liter of diesel remains below the levels it was at before the outbreak of the Russian invasion of Ukraine, which began on February 24, 2022, when it was 1,479 euros per liter. However, the price of gasoline remains higher, since then it was 1,592 euros per liter.
Away from the highs of summer 2022
However, both fuels continue far from the maximums recorded in the summer of 2022in July, when gasoline reached 2,141 euros and diesel 2.1 euros.
Likewise, Diesel has now been below the price of gasoline for 68 weeks. It thus remains in the usual situation prior to the Russian invasion of Ukraine, which caused the price of diesel to be more expensive than that of gasoline continuously from August 2022 to mid-February 2023, when the dynamic was broken.
The price of fuel depends on multiple factors, such as its specific price (independent of that of oil), the evolution of crude oil, taxes, the cost of raw materials and logistics and gross margins. Furthermore, the evolution in the price of crude oil is not directly transferred to fuel prices, but rather does so with a time lag.
Cheaper than the European average
With these levels, the price of 95 unleaded gasoline It remains in Spain below the average of the European Union, located at 1,727 euros per liter, and of the eurozone, with an average price of 1,782 euros.
In the case of dieselthe price in Spain is also lower than the EU average, which is 1,595 euros, and the euro zone, where the price is 1,620 euros.
