Inflation is at its highest level since 1975 and we are paying more for gas, electricity, food, drink and much more. Only gasoline and diesel became less expensive and even reduced inflation. from characters from united consumers It turned out that one liter of gasoline now costs 2.25 euros, where two months ago it was 2.50 euros.
And the price of diesel rose from more than 2.37 euros recorded to 2.10 euros. “The price of oil has also fallen significantly,” said Paul van Silms, director of UnitedConsumers. “The dollar is still more valuable compared to the euro, so this keeps the price relatively high.”
Van Silms believes that if the euro had been stronger, the price would have fallen even more. “The tension in the market will remain so. But the fear of recession may push prices even further.”
The CBS Census Bureau reports that gasoline and diesel are inflation Now the mood. “The evolution of motor fuel prices has had a disheartening effect on inflation.” Fuel is still much more expensive than it was a year ago, but the difference is less than a month ago.
According to CBS, “Fuel prices were 25 percent higher in July compared to the same month the previous year. In June, the annual price increase was 35 percent.”
Gasoline prices rose last year. After nearly everything was shut down due to the Corona crisis, demand quickly rebounded again leading to higher prices. Add to that the war in Ukraine.
Earlier this week, oil-producing nations decided to open the oil tap a bit more. Those countries see their revenue fall if supply increases strongly, but demand does not.
Russia is also part of those countries and has an interest in keeping the price as high as possible now that income from gas, for example, has fallen due to sanctions.
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