The price of gasoline falls 4% in 2025 marked by geostrategic tensions
The price of fuel has registered very modest drops, around 4% for gasoline and 2% for diesel, throughout 2025, a year about to end that has been marked by geostrategic tensions between Venezuela and the US, and Israel and the Middle East. The price of gasoline stood at 1.47 euros per liter in the week of December 15, according to latest data available from the oil bulletin prepared by the EU based on the final prices of European gas stations, which represents a drop of 4.3% compared to the start of the year.
In the case of diesel, the reduction is more moderate, since the price in this final stretch of the year is 1.421 euros per liter, 2.27% cheaper than the beginning. So, fill a 55 liter tank amounts to 80.85 euros in the case of gasoline with the latest prices and 78.16 euros with diesel; while at the beginning of the year it cost 84.48 and 79.97 euros, respectively. They are far away already at the highs of June 2022 After the invasion of Ukraine by Russia, when even with the application of the 20 cents per liter discount promoted by the Government, gasoline was sold for 1,941 euros (32% more expensive than now).
The drop in fuel prices occurs at a time when a barrel of Brent – the benchmark in Europe – has reduced its price to $61, after a year marked by tensions in the Middle Eastbetween the US and Venezuela, and the consequences of the invasion of Ukraine. This scenario has taken the price of crude oil above $72 at some points in 2025, which is still far from more than $100. dollars at which it was trading in the summer of 2022 or more than $90 in September 2023.
The Uncertainty remains after US days ago announced a total blockade of all sanctioned oil tankers entering and leaving Venezuela. For its part, the OPEC+ alliance, led by Saudi Arabia and Russiahas decided to maintain its oil supply, which represents close to half of world production, at least until April 1, 2026, without taking into account eventual increases agreed month to month by eight of its members.
“Energy prices are currently low, both for the barrel of oil and natural gas. In the case of oilthis is justified by a market that is experiencing excess supply at the moment” explains François Rimeu, senior strategist at Crédit Mutuel Asset Management. An excess supply, which according to the latest forecasts of the Organization of the Petroleum Exporting Countries (OPEC), the Administration of United States Energy Information (EIA) and the International Energy Agency (IEA), should be maintained in 2026, according to this same analyst.
However, other experts note that this price trend could change in 2026, As Matthew Michael points outa commodities and emerging debt analyst at Schroders, who believes that after a year and a half of dragging a bearish tone, oil and gas prices may rise during the year that is about to begin. Michael believes that, in fact, the situation may lead to a “more balanced” oil market in which prices stabilize in a range of between $60 and $70 per barrel.
