High Fuel Prices at the Pump: What to Expect for the Start of the School Year and Beyond

2023-08-23 17:44:01

While the prices of fuel displayed at the pump remain high at the end of August, in most service stations, what should motorists expect for the start of the school year?

No indications showing a future drop in the price of gasoline. At the end of August, and a few days before the start of the school year and the resumption of work for many French people, the price of fuel has returned to a fairly high level compared to the drop observed a few months ago. , at service stations. This is precisely 10 cents increase compared to July for unleaded 95, 9 cents for unleaded 98 and nearly 17 cents for diesel.

The following practical prices bear witness to this, in the Paris region. Currently, unleaded 95 (SP-95) and unleaded 98 (SP-98) is sold at 1.90 euros per liter in a Total station in the 19th arrondissement of the capital, lists the government site which publishes the necessary information for motorists. The price of unleaded 98 even exceeded 2 euros per liter (2.26 euros / liter) at a BP station located in the 16th arrondissement, and nearly 2.20 euros for a liter of SP-95-E10, according to this same source.

Elsewhere, prices are also high. The Leclerc in Coutances (Manche) offered this Wednesday, August 23 the liter of unleaded 95 at 1.92 euros, while at the Esso Express service station in Cran-Gevrier (Haute-Savoie), the same fuel was displayed at 1.94 euros.

No drop in the next few days

And those prices aren’t expected to go down anytime soon. According to Philippe Charlez, an engineer specializing in energy issues, “there is no indicator which, today, can show that the price is going to fall. However, it is possible that due to demand and production restrictions, the price per barrel will continue to rise,” he told our colleagues at The Dispatch this Wednesday.

If the price increases are mainly due to decisions by oil producing and exporting countries (OPEC), with Saudi Arabia in the lead, recalled René-Jean Souquet-Grumey, vice-president of Mobillians service stations at CNEWS. “This country has decided to reduce its production to 1 million barrels per day, which creates scarcity and leads to higher prices,” he said.

If the trend does not seem to be downward in the coming days, the prices charged in service stations should therefore continue over time since Saudi Arabia intends to continue to limit the production and export of oil in the coming months. .

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