It should be emphasized that the price of gasoline also decreased slightly. Not much, with a penny, but it adds up to a full one. A cheapening that should not surprise, considering that oil also costs less. There is nothing left to roil the market, prompting players to make aggressive moves, driving price jumps.
No, given that the situation in the Middle East, although uncertain, shows no signs that it would be heading towards an aggravation, towards an expansion of the conflict between Israel and Hamas, the prices of black gold have retreated.
As a result, the price of a barrel of North Sea Brent for July delivery fell to $83.15, while the US equivalent, West Texas Intermediate (WTI), for June delivery fell to $78.31. “Under normal circumstances, oil should follow the movements of other risk assets,” such as rising inventories, commented Tamas Varga of PVM Energy. “But things are far from normal,” he added.
Instead, the current price of diesel, which is lower than gasoline, represents a return to normalcy. Why? For the simple reason that the production price of gasoline is more expensive than diesel. And Ion Tache, the president of the Association of Independent Gas Stationers, said in an interview for Ziare.com, that this price difference “will become acute over time”.
Here are the prices offered by gas stations in Bucharest, according to peco-online.
STANDARD PETROL
The lowest price: 7.32 lei/liter (Petrom, str. Dr. Herescu Petre, no. 2A)
The highest price: 7.50 lei/liter (five Rompetrol stations, including those on Sos. Chitilei 128A or on Bd. București Noi 48)
SUPERIOR PETROL
The lowest price: 7.83 lei/liter (Petrom, str. Dr. Herescu Petre, no. 2A)
The highest price: 8.14 lei/liter (six Rompetrol stations, including the one on the road. Gheorghe Ionescu Sisești 46-48 or on the road. Pipera-Tunari 1A)
STANDARD DIESEL
The lowest price: 7.27 lei/liter (Socar, str. Vasile Lascăr, no. 141A)
Highest price: 7.42 lei/liter (several Rompetrol gas stations, such as the one on Viilor 67 road)
SUPERIOR ENGINE
The lowest price: 7.65 lei/liter (Petrom, str. Dr. Herescu Petre no. 2A)
Highest price: 7.92 lei/liter (Rompetrol gas stations listed above).
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