The average price of gasoline and diesel in Spain continues to set records and remains above two euros per liter for another week. Specific, the liter of gasoline stands at 2,141 euros and diesel at 2,076 euros.

Thus, the average price of a liter of gasoline registered a rise of 1.13% compared to seven days ago, according to data from the European Union Oil Bulletin.

It should be remembered that this average amount includes taxes, but does not reflect the discount that came into force from last April 1 to minus 20 cents per litersince there are higher discounts, depending on the oil company.

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Counting on this subsidy, the price of a liter of gasoline would thus be almost 12 cents more expensive than in the last week of March (1,818 euros), before the discount began to be applied, with which the increase in prices registered by this fuel since then it has fully absorbed the aid.

In the diesel casethe average price per liter has registered an increase of 3.64% in the last week, to exceed the bar of two euros (2,076 euros) for the second consecutive week.

Thus, when applying the reduction of 20 cents per liter, its amount would be about three cents higher than the price it marked at the end of March (1,837 euros per liter).

oil rise

Since the invasion of Ukraine by Russia at the end of last February the prices of both fuels have shot up more than 30%. These prices are recorded in an environment of constant increases in crude oil in the current context, marked by the war in Ukraine.

In fact, the barrel of Brent, a reference in Europe, was trading this Thursday above 119 dollars, while the American Texas was exchanged at something more than 115 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.

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.