Big Fuel Cuts Coming – Where Will Gasoline And Diesel End Up?

Good news for consumers, over the next few days Big reductions in fuel prices are comingAs a result of the significant drop in oil prices in the global markets in which it is located lower levels for 2022.

This fall arrives $10 a barrel, Within a few days, while also maintaining the parity of the euro against the dollar at its highest level in 6 monthsAnd bring great discounts to the door.

Of course, that remains to be seen in practice, as predictions have been denied in the past. Some analysts note that a fair price today would be for her Petrol is less than 1.7 euros per liter and diesel is less than 1.5 euros per liter.

Also read: Energy: How wasteful EU industries are on fossil fuels

First cuts

However, they did state that something like this It is unlikely to happen With the conditions created in the fuel chain.

In the first phase, everything shows that prices will be down about 10 cents per liter by Monday at the latest. All this, of course, provided that There will be no new twists at hand.

The first cuts from this morning onwards are already starting to appear Gasoline and diesel at gas stations in Attica It is expected to peak in the coming days. Those who know the market estimate that at the beginning of next week there will be gas stations They will sell unleaded 95 octane at less than €1.8 a litre And the diesel engine is less than 1.7 euros per litre.

In fact, they note that for diesel the decline will be faster, while for heating oil too, all estimates show that will drop to less than 1.1 euros per liter, Maybe even at lower levels.

Also read: Oil: Brent Crude is at its lowest since January – below $80

Brent crude falls again on recession fears

Brent was found today At $79 a barrelWhile the price of US crude oil was around $73 a barrel.

At the same time, there is extreme caution in stock markets, as investors fear good macroeconomic data in the past few days The Fed will lead to new large interest rate hikes In order to contain inflation in the United States.

It should be noted that the market expects the Federal Reserve to raise interest rates by 50 basis points at the two-day meeting in December instead of 75 points. Decided in the previous four meetings.

JPMorgan boss Jeremy Dimon warned yesterday that inflation could push the US economy into recession next year. Consumers “eat” their savings He stressed that it is part of the support they received from government programs during the pandemic and will end in 2023.

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