Fuels. Prices at the pump are soaring, when will they fall?

The price of fuel continues to increase in France.

The price of fuel at the pump has returned to its pre-crisis level due to the rise in oil prices. Some stations display the liter of gasoline, or even diesel, at nearly 2 euros. The Government remains vigilant on the subject and hopes for stabilization of energy prices.

Refueling is more and more expensive! At the pump, fuel prices have risen sharply in the space of a year, returning to their pre-crisis level. According to the Ministry of the Economy, this is a sign that “ the economy is picking up “. With the pandemic and repeated confinements, the demand for fuel had fallen sharply.

Nearly € 2 per liter in some stations

totem gas station price — Prices have returned to their pre-crisis level.

In one year, diesel, the best-selling fuel in France, increased by 20.10%, an increase of 24.6 cents. The liter is billed on average 1.469 euros. For its part, unleaded 95 E10 (with 10% bioethanol) is posted on average at 1.586 euros per liter, an increase of 19.30% compared to September 2020. The increase has been almost continuous since the start of the year. year, so much so that the liter of diesel has increased by 13.1% since 1^er January, that of SP95 of 15.8%, and that of SP98 of 15.1%. In some stations, in Paris or on the motorway in particular, the liter sometimes flirts with the 2 €. On the island of Yeu, this symbolic bar was crossed according to the newspaper the Parisian.

Soaring oil prices

gas station — Price stabilization is expected by the end of the year.

This increase is not related to an increase in taxes. It is only linked to the price of oil prices, income at their 2018 level. In addition to a return to normal consumption, linked to the global economic recovery, additional factors are causing prices to fluctuate: hurricane in the United States, case of Covid in Asia, etc.
“The French Government promises to stay ” very vigilant, in the coming weeks, on the evolution of consumer prices in relation to the evolution of oil prices “.“
It must be said that he has bad memories of the yellow vests crisis, triggered by the record price of fuel at the end of 2018. Gabriel Attal, government spokesperson, said he hoped for a ” stabilization »Energy tariffs in the coming months. In the columns of Figaro, economist Alberto Balboni from Xerfi believes that ” fuel prices are expected to stabilize, or even decline very slightly, by the end of this year. ” To be continued…

Sources: BFM, Le Figaro, Le Parisien