The price of fuels In Spain is back in the spotlight, and not exactly for good news. Diesel and petrol have seen increases in recent weeks, putting the budgets of thousands of drivers under control. According to the European Union Oil Bulletinpublished on November 21 The average price of a liter of gasoline reached 1,504 euroswhile the diesel costs 1,406 euros. Even if these increases seem moderate, they come after months of declines which gave consumers a respite.
Over the summer, fuel prices saw a notable downward trend, with declines of up to 9% for both diesel and gasoline. However, the latest rebounds erase some of this progress, leaving consumers once again worried about the impact of these increases on their daily lives. THE the reasons for these fluctuations are multiple, from international oil prices to geopolitical tensions that continue to set the tone for markets. In this ever-changing scenario, drivers are looking for alternatives to minimize the impact on their pockets, from choosing the cheapest gas stations to adjusting their driving habits. But what can we expect in the coming months? We analyze the keys to the current situation.
What will happen to diesel and gasoline prices?
The price of gasoline increased again this week, reaching a on average 1,504 euros per liter. Although this 0.22% increase may seem small, it represents a considerable expense for those who rely on their vehicles on a daily basis. For example, filling a standard tank with 50 liters entails an expense of 75.20 euroswhile a vehicle with a larger tank, 60 litersit can cost 90.24 euros. This increase particularly affects those who depend on the car on a daily basis for long distances or business trips.
Despite this increase, drivers have room to save depending on where they fill up. Some of the cheapest gas stations are located in provinces such as In Biscay, where a liter of gasoline can cost 1,289 euros, or in cities like Castellón, Alicante and Córdoba, where the average price is around 1,309 euros. These data reflect a significant variability of prices on Spanish territory, which makes comparison essential before refueling.
In general, There are provinces where you can still find gasoline for less than 1.30 euros, but most stations offer prices between 1.30 and 1.45 euros per liter. This price range is a relief to some, but a wake-up call to many who fear further increases.
In the case of diesel, it reaches an average price of 1,406 euros per liter, 0.5% more than the previous week. In this way, fill a tank with 50 liters involves a disbursement of 70.30 eurosand a deposit of 60 liters equals to 84.36 euros. These examples reflect the direct impact of the increases on household budgets and are also starting to worry key sectors such as transport and agriculture, which rely heavily on diesel.
However, in provinces like Castellón, it is possible to find diesel at lower prices, reaching 1,175 euros per liter. Regions like Valencia, Murcia and Alicante also stand out, where the average price is around 1,203 euros. These differences reflect how location can make a big difference in the final cost.
How does Spain compare to Europe in terms of fuel prices?
In the European context, Spain continues to maintain relatively competitive prices compared to the European Union average. Currently, The average price of a liter of gasoline in the EU is 1,639 euros, while that of diesel is 1,545 euros. In the eurozone, these values are even higher, reaching 1,691 euros for gasoline and 1,571 euros for diesel.
This difference, although favorable to Spanish drivers, does not mean that the country is exempt from the effects of geopolitical tensions and changes in the global oil market. Actually, Recent increases are linked to the rise in the price of a barrel of Brentwhich comes in at around $74.02, and West Texas Intermediate (WTI), which comes in at $69.99. These increases are in response to factors such as the war between Russia and Ukraine, which continues to influence international markets.
Factors influencing prices and what to expect in the future
Fuel prices do not depend solely on the cost of oil. Items like taxes, production and distribution costs and trade margins They also play a crucial role. In addition, international tensions generate fluctuations which, although not immediately reflected in gas stations, tend to be reflected with a certain delay.
In the short term, Forecasts point to possible stabilization if international markets achieve some calm. However, the onset of winter and energy demand in cold regions could put upward pressure on oil prices, impacting the final fuel price.
Tips for drivers: how to save fuel
In this context, drivers can take steps to reduce the impact of price increases. opt for cheap gas stationsplanning trips to avoid unnecessary trips and adopting efficient driving techniques are key strategies. Additionally, staying informed about seasonal variations in fuel prices can make a big difference in your monthly expenses.
The current fuel situation is a mix of uncertainty and opportunity to optimize consumption. In such a volatile market, the key is to adapt and always look for the most economical option without compromising driving quality or safety.
