Business Fuel prices: with deconfinement, will refueling cost much more?

Fuel prices: with deconfinement, will refueling cost much more?

the essential
Gas prices, which fell to a very low level during containment, have been rising since May 11. This slight and steady increase should continue in the coming weeks.

Less than € 1 per liter of diesel. It has been ages since a gas station posted this rate. The liter of diesel has nevertheless fallen below the symbolic bar of the euro in some service stations in France. An attractive price which few French people were able to take advantage of during confinement.

At the height of the coronavirus crisis, approximately 4 billion people were confined worldwide. A blackboard for producers of black gold. Between early January and late March, crude oil prices dropped 70% on international markets. Brent crude oil, quoted in London, fell from $ 68 a barrel on January 6 to less than $ 20 in March and April. On April 20, a barrel of American oil even fell below zero euro to – $ 37.63. Never seen. “What brought prices down is the massive imbalance between supply and demand with massive overproduction”, details Francis Perrin, research director at Iris and specialist in energy issues.

Read also :
Coronavirus: we explain to you why the barrel of American oil fell below zero dollar

Declining oil production

Today, many countries are unconfined and transport represents the main consumption of oil in the world. Demand is increasing again, as are prices. Francis Perrin sees three explanations: “First explanation of many countries have started to lift their containment. Then, twenty oil producing countries like Saudi Arabia or Russia have taken measures to reduce their production by a very significant 9, 7 million barrels per day since May 1. Finally in the United States, the world’s largest producer of oil, several private companies have also reduced their production. “

On one euro of fuel, we pay around 70% of taxes, 14 to 16% correspond to the share of the price of oil and the rest is made up of the costs and margins of the petroleum industry. During the confinement, the taxes did not budge: it is therefore the fall in crude oil prices which is at the origin of the fall in prices at the pump.

Slight increase after deconfinement

Since May 11, with deconfinement, prices have gone up slightly. Average selling prices were € 1.1578 per liter of diesel, € 1.2442 per liter of unleaded 95, € 1.2227 per liter of E10 and € 1.3001 per liter of unleaded 98, according to the statements of the Ministry for the Ecological and Inclusive Transition on May 15.

The rise should continue according to Francis Perrin who compares oil prices to a plunger. “The one who dives at the bottom of the sea does not go up suddenly, he must respect landings. It is the same with oil prices.” The barrel of Brent, fell below $ 20, was at $ 34/35 this Friday in the early afternoon. “Oil prices will continue to rise steadily over the next few weeks. I imagine there will be a fairly strong economic recovery in the second quarter, which will necessarily lead to an increase in demand for oil and therefore in prices.”

Will our fuel tank remain at a reasonable level? For Francis Perrin, “this is the most probable hypothesis. But it is enough that there is a major geopolitical crisis in the Middle East or a renewed tension between the United States and Iran … Nobody can predict oil prices. “

The cheapest resorts in the area

Here are the cheapest service stations in your department according to the official site prix-carburant.gouv.fr. Only prices dating back less than four days are taken into account. Prices may have changed since the elevations of the state services.

Ariège

Diesel – Leclerc Foix at € 1,139
SP95 – Leclerc Foix at € 1,220
E10 – Leclerc Foix at € 1,242

Aude

Diesel – Carrefour Market Peyriac-Minervois at € 1,125
SP95 – Géant Casino Carcassonne at € 1,195
E10 – Géant Casino Narbonne at € 1,154

Aveyron

Diesel – Géant Casino Millau at € 1,131
SP95 – No recent readings
E10 – Géant Casino Millau at € 1,158

Haute-Garonne

Diesel – Intermarché Castelginest at € 1,119
SP95 – Géant Casino Fenouillet at € 1,198
E10 – Géant Casino Fenouillet at € 1,163

Gers

Diesel – Leclerc Auch at € 1,123
SP95 – Leclerc Auch at € 1,247
E10 – Leclerc Auch at 1,153

Lot

Diesel – Intermarché Espère at € 1,117
SP95 – Casino supermarket in Souillac at € 1,214
E10 – Intermarché Espère at € 1,200

Lot-et-Garonne

Diesel – Intermarché Teonneins at € 1,129
SP95 – Leader Price in Nérac at 1,209 €
E10 – Casino supermarket in Monflanquin at € 1,162

Hautes-Pyrenees

Diesel – Carrefour Market Lourdes at 1,150 €
SP95 – Carrefour Market in Bagnères-de-Bigorre at € 1,249
E10 – Géant Casino in Laoubère at 1,209 €

Tarn

Diesel – Intermarché Lavaur at € 1,126
SP95 – Géant Casino in Albi at € 1,200
E10 – Casino supermarket in Lacaune at € 1,161

Tarn-et-Garonne

Diesel – Casino supermarket in Valence d’Agen at € 1,138
SP95 – Leclerc in Castelsarrasin at € 1,236
E10 – Casino supermarket in Valence d’Agen at € 1,177

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