The average price of fuel in Spain is rising again, after last week’s mirage, in which there was a small drop after several weeks of rising. Of course, it is not the same for diesel as for gasoline. The average price of a liter of diesel has risen to 1.412 euros, so diesel is 0.07% more expensive than last week, while gasoline has continued to fall, with a drop of 0.067%, which leaves it at 1.481 euros.
These data, collected by the Petroleum Bulletin of the European Union (EU), reflect the upward trend in prices that has been continuing for weeks, with the exception of 95 gasoline these last two weeks, and which shows its direct effect on the latest rise in inflation.
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The price of filling the tank is 2.72 euros more expensive
Taking into account the current cost of diesel and gasoline, filling a 55-liter tank of diesel costs around 77.66 euros, which is about 2.75 euros more than a year ago, when the amount stood at 74.91 euros. For gasoline, filling the same tank (55 liters) costs approximately 81.45 euros, a figure very similar to that recorded around this time last year.
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.
Both fuels remain far from the highs of the summer of 2022, when in July gasoline reached 2,141 euros and diesel 2.1 euros per liter.
Diesel has now been cheaper than gasoline for 136 weeks, thus recovering the usual situation prior to the conflict. During 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 (0.995 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, the cheapest station can be found in Campsa Express, with a price of 1,239 euros, which is located at Carrer Vic, 69, in the municipality of Montmeló (Barcelona). In the next place is the Petroprix de Córdoba gas station, located at Avenida Agrupación Córdoba, 25, and with a price of 1,264 euros. Another economical option to get gas would be the Plenergy gas station on Lapislázuli street (also in Córdoba), with the same price as the previous one.
Spain continues to be cheaper than the rest of Europe to refuel
At current levels, the price of 95 unleaded gasoline in Spain continues to be lower than the European Union average, which stands at 1,626 euros per liter, and also than the euro zone average, where it reaches 1,674 euros per liter.
As for diesel, its price in Spain is also still below the European average, established at 1,539 euros per liter in the EU as a whole, and the 1,566 euros set by the eurozone.