The average price of fuel in Spain continues to decline, reaching a new low since mid-June, with a new drop for the second consecutive week. If we differentiate between fuels, the average price of a liter of diesel has dropped to 1,396 euros, so diesel paid 0.47% cheaper than last weekwhile gasoline has reached 1.466 euros per liter, with a drop of 0.47%. It is the fourth week in a row that the average price of a liter of gasoline has fallen.
These data, collected by the Petroleum Bulletin of the European Union (EU), mark the clear downward trend in prices that gasoline has been following for two weeks, something that contrasts with the latest forecasts of the latest CPI datawhich risked a rise in fuel prices.
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The price of gasoline drops by 0.5% and diesel costs less than 1 euro at these gas stations
Filling a tank with diesel is 16 cents more expensive
Taking into account the current cost of diesel and gasoline, filling a 55-liter tank of diesel costs around 76.78 euros, which is about 16 cents more than a year ago, when the amount stood at 76.61 euros. In a tank of gasoline, filling the same amount (55 liters) has a price of around 80.63 euros, an amount that does contrast with last year, which was 82.77 euros (2.14 euros cheaper).
The average price of a liter of diesel remains well below the level prior to the Russian invasion of Ukraine, which began on February 24, 2022, when it cost 1,479 euros per liter. Gasoline also remains below the 1,591 euros per liter that it marked then.
If compared to the summer of 2022, both diesel and gasoline are still far from the maximums recorded on those dates, since in that month of July gasoline reached 2,141 euros and diesel 2.1 euros per liter, nothing more and nothing less.
Diesel has continued to be cheaper than gasoline for 138 weeks, thus recovering the usual situation before the conflict. In the midst of the energy crisis caused by the war, diesel surpassed gasoline in price from August 2022 to mid-February 2023, when the trend was reversed.
The price of fuel is conditioned by various factors, such as the specific price of each product (independent of oil), the evolution of crude oil, taxes, the cost of raw materials and transportation, as well as profit margins.
Finally, variations in the price of crude oil are not immediately reflected in fuels, but rather do so with a certain time delay.
Where to refuel the cheapest diesel this week
The cheapest price for diesel this week is once again at the Cotranco gas station (0.980 euros), located at 24 Simón Carpintero Street, in the province of Córdoba. The next refueling option that has a lower cost is the 686 TLP from Bizkaia, with a price of 1,006, which is located in Barrio Salcedillo, without number.
Where to fill up with the cheapest gasoline this week
In the case of gasoline, which as we said continues its downward price trend, you can find the cheapest station in Petroprix, with a price of 1,237 euros, which is located at Avenida Agrupación Córdoba, 25, in Córdoba capital. In the next place and with the same price (1,237) is the Plenergy gas station, located on Lapislázuli street (also in Córdoba).
Refueling in Spain continues to be cheaper than in the rest of Europe
Taking into account current levels, the price of 95 unleaded gasoline in Spain continues to be lower than the European Union average, which stands at 1,615 euros per liter, and also than that of the eurozone, where it reaches 1,660 euros per liter.
For diesel, the price in Spain is also still below the European average, established at 1,512 euros per liter in the EU as a whole, and the 1,534 euros set by the eurozone.