Europe

a trendy evening to last?


Geoffrey Branger, edited by Solène Leroux

Fuel prices continued to fall. This is a repercussion of oil prices, they lost 20% in two and a half months, after the outbreak due to the war in Ukraine last February. Difficult to know if the trend will continue, according to Francis Perrin, energy specialist and researcher at Iris.

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Going to the gas pump is less and less painful. For several days, the price of fuel has continued to fall: 1.79 euros per liter of diesel on average, 1.77 euros for unleaded 95. This is a repercussion of oil prices, they have lost 20% in two and a half months after the outbreak caused by the war in Ukraine last February. For Francis Perrin, researcher at Iris, it is however difficult to know if the trend will continue, the international context being uncertain. “Why are crude oil prices falling when the war in Ukraine is unfortunately far from over?” he asks.

“It is because on the markets, we think that we could go towards a decline in economic activity”, explains the specialist in hydrocarbons. “That would mean that the world, at that time, would consume less oil and oil prices would go down.”

Towards price stability?

According to the researcher, “the measures taken in France”, in particular the “rebate on fuel prices” “are added to the evolution of crude oil prices”.

“Are we going to stabilize at 100 dollars? Go back down, go up? Nobody knows,” continues Francis Perrin. There is “rather a greater likelihood of fuel price stability or a slight decline”, he said. “But we must certainly not rule out a rise due to the war in Ukraine and its oil and energy impacts,” he concluded.

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