Categories: Business

Small increase in gasoline and diesel in France

Oil prices have been in a volatile phase since late 2023. It waxes and wanes from week to week. This Tuesday, January 23, they resumed their upward trend. On the other hand, gas prices have fallen for several days. For their part, fuel prices in France have started to rise after a period of decline.

In international markets, fossil fuels experience different paths. This Tuesday, January 23 saw a slight rise in oil prices. Trading on Brent 80.23 US Dollars. For American West Texas Intermediate crude, it is sold 74.92 US Dollars.

So oil’s health is improving because of the cold weather that has slowed production and refining in the United States. It was also affected by continued stress on supplies in the Red Sea. Crude oil prices have increased. Markets continue to be cautious about supply disruptions in and around the Red Sea », explains, in fact, Michael Hewson, analyst CMC markets.

Gas, for its part, has not benefited from this cold snap. On the contrary, prices have been continuously collapsing in recent days. The Dutch TTF futures contract, considered the European benchmark, fell 2.93%. 27.59 euros megawatt hours (MWh), after touching 26.60 euros. It is at its lowest level in more than 6 months.

It must be said that this downward trend has been going on since the beginning of the year. On January 19, gas prices fell to 28 euros per megawatt hour (MWh). In the futures market, where transactions are settled for future delivery (from 3 months to 5 years, prices are fixed upon contract signing), the trend is also downward. 1 MWh of gas delivered in February or March 2024 costs less than 29 euros. For winter 2025, we had to position ourselves at a price of 33.5 euros/MWh, which is very close to the pre-crisis level.

Fuel prices in France have increased slightly

Even if it is not visible, the recent rise in oil prices has had an impact on fuel prices in France. Indeed, after a period of stagnation followed by a decline, diesel and gasoline are resuming their upward trend. Thus, a liter of diesel is sold for an average of 1.77 euros, Super 98 (E10) 1.89 euros and unleaded 95 (E5) 1.81 1.7742 euros per liter.

So fuel saw an increase of a few cents in a week. This is just the beginning of the new increase for the year 2024. Analysts expect that, in fact, oil prices will rise and thus fuel prices in France in 2024.


Source link

Admin

Share
Published by
Admin

Recent Posts

100 million degrees for 48 seconds: South Korea’s ‘artificial sun’ moves closer to nuclear revolution

This is a new record that scientists from the Korea Fusion Energy Institute (KFE) have…

8 months ago

The report offers solutions for insurers facing future growth in natural disasters

Damages associated with drought, floods, hail and other increasingly violent events are expected to increase…

8 months ago

You still have time to claim this exciting investigation

An estimated 9 million people in the United States are still waiting for their final…

8 months ago

IDF recognizes “serious mistake” in killing seven members of NGO World Central Kitchen

The death of seven humanitarian workers from the American NGO World Central Kitchen in an…

8 months ago

Fortnite Shop Apr 3, 2024 – Fortnite

Today, at one o'clock in the morning, Gamer updates it Boutique de Fortnite Through the…

8 months ago

Sharon Stone tried to make a Barbie movie in the 1990s

The Basic Instinct and Casino actress looks back at a time in Hollywood when adapting…

8 months ago