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Fuel prices at stations. Petroleum. “Pressure intensifies” on Donald Trump

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In the first days of June, fuel prices may still fall – reflex analysts forecast, indicating that this will be due to the response to changes in wholesale fuel prices. According to e-hetrol experts, the growing geopolitical tension affects the oil market and indicate that the “pressure” on President Donald Trump in connection with sanctions for Russia is “intensified.

According to reflex analysts in the first week of June Prices of gasolinediesel and LGP at stations can continue to fall in response to changes in wholesale fuel prices.

According to forecasts presented by experts in the period of 2-6 June this year. PB95 gasoline can cost 5.70 – 5.77 PLN/l, gasoline PB98 6.43 – 6.50 PLN/l, and diesel 5.67 – 5.74 – PLN/l. Drivers can pay 2.85 – 2.89 PLN/l for autogas.

As of May 29 this year. Average retail prices amounted to, respectively: for unleaded gasoline 95 – 5.74 PLN/l, unleaded 98 – 6.47 PLN/l, diesel – 5.71 PLN/li autogas – 2.87 PLN/l. “Prices of all available at fuel stations have fallen on an average week by 4 groszy per liter” – according to reflexes.

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“Successive reduction in fuel prices at stations allow them to maintain their level below the price of a year ago. Gasoline 95 and 98 are cheaper by 80 and 78 gr/l, respectively, and diesel by 82 gr/l compared to levels from the end of May last year” – assessed analysts.

Stabilization of fuel prices

In turn, E-Petrol analysts say that at the beginning of June the situation on the fuel market should not change. In their opinion, drivers may deal with “temporary stabilization of fuel prices”. The exception is to be autogas, which will continue to be cheaper.

Estimated by e-petrol.pl, price ranges for individual fuel species are to be as follows: 5.64-5.76 PLN/l for E10 gasoline, for diesel 5.65-5.77 PLN/LA for autogas 2.80-2.88 PLN/l.

Experts noticed that the past week brought further price reductions at the stations. Gasoline 95 after a reduction by 4 groszy per liter costs an average of 5.69 PLN/l. Diesel oil was 5 groszy and matched to the level gasoline ratingsi.e. 5.69 PLN/l. “The last time we were dealing with such balance at the end of July last year, at prices of 6.39 PLN/l,” said analysts. They added that a liter of autogas, after a two -year reduction, is valued on average at PLN 2.89.

In the opinion of representatives of e-petrol.pl, wholesale fuel prices last week were stable and today they are not much different from the levels from the previous Friday. The portal data shows that a cubic meter of 95-octane gasoline is valued by manufacturers on average at PLN 4466.20 and costs PLN 16.40 less than a week ago.

“The current price of diesel is 4486.80 PLN/cubic. In this case, the weekly change is a plus, but it is less than PLN 10” – the analysts pointed out.

What makes up the fuel price?Adam Ziemienowicz/PAP

Oil prices and US policy

They noted that in the past week the market attention focused on OPEC+activities. Analysts reminded that, according to the estimates of Bloomberg, the actual increase in oil production by group countries can be only 972 thousand from July. BaryÅ‚ek a day – it is only 71 percent. previously announced level. They added that the final decision on this matter is to be made on May 31.

“Oil prices are also under pressure for the second reason. There were uncertainty after a court decision in the USA, which upheld the customs tariffs introduced by President Donald Trump,” they noted.

They added that growing geopolitical tensions also affect the market situation. They indicated that in the American Congress and in the advisory circles of the White House “pressure” as president intensifies Donald Trumpto tighten the policy towards Russia. “The White House has already prepared a sanction package covering the banking and energy sector, which can be implemented under the presidential regulation,” said analysts.

According to reflexes, the situation on the oil market remains unstable, to a large extent due to the policy of the administration of President Trump. Analysts reminded that the Court of Appeal USA He temporarily blocked the decision of the US International Court, which the day before he found Donald Trump the duties illegal.

They added that the next factor affecting the uncertainty of investors are negotiations on the US nuclear agreement with Iran. “On May 31, OPEC+ will decide on the level of production in July. Analysts are widely expected that the alliance will accelerate the withdrawal of voluntary reduction by 2.2 million barrels a day,” said Refleks experts.

They believe that the inheritance Brent oil prices below $ 63 Behind the barrel, he maintains a chance to continue the inheritance trend at gas stations.

Source of the main photo: Shutterstock



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