Domestic fuel oil prices this start of the week

Domestic fuel oil prices this start of the week
Domestic fuel oil prices this start of the week

The domestic fuel oil market in experienced a slight decline this Tuesday, October 1, 2024. This trend is part of a context of price stability observed since last week. Let’s analyze in detail the evolution of prices and the factors influencing this energy market.

State of the art of domestic fuel prices

French consumers currently benefit from relative stability in domestic fuel prices. According to data collected from various specialized platforms, prices remain similar to those observed during the previous weekend. Here is an overview of the average prices recorded this Monday:

  • Ordinary fuel oil: 1.134 euros per liter
  • Superior fuel oil: 1.153 euros per liter

These figures, provided by the site prixfioul.fr, demonstrate a certain consistency on the market. Other platforms corroborate this trend:

  • Fioulreduc: average price of 1.126 euros per liter
  • Fioulmarket : 1.128 euros per liter for a purchase of 1,000 liters

This stability in domestic fuel prices is partly explained by the evolution of oil prices on international markets. Indeed, the price of a barrel of Brent from the North Sea stood at $72.05 this Monday morning, while West Texas Intermediate (WTI) reached $68.61.

Regional disparities: where to find the cheapest fuel oil?

Despite relative homogeneity of prices on a national scale, significant differences persist between French regions. The fioulreduc.fr platform highlights these disparities:

Region Average price (per 1,000 liters)
1 080 euros
Limousin 1 193 euros

The gap between these two extremes amounts to 113 euros for 1,000 liters of domestic fuel. This substantial difference highlights the importance for consumers to compare offers and choose the right time to make their purchases.

Factors influencing price development

Several elements are likely to impact domestic fuel prices in the coming weeks:

  1. Seasonal demand : With the arrival of autumn and cooler temperatures, fuel oil consumption for heating is expected to increase, putting upward pressure on prices.
  2. Oil prices : Fluctuations in the global oil market directly influence fuel oil prices. A increase in the price of a barrel would quickly have an impact on prices at the pump.
  3. The geopolitical situation : International tensions, particularly in the Middle East, can affect the production and transport of oil, thus impacting final prices.

It is important to note that the drop in fuel prices observed recently in France could also have an indirect effect on the domestic fuel market, both being closely linked to the evolution of oil prices.

Consumer Outlook

Faced with this situation, French consumers must remain vigilant and adopt appropriate purchasing strategies. Here are some recommendations:

  • Monitor prices regularly : Prices can change quickly, so it’s a good idea to compare offers frequently.
  • Take advantage of periods of stability : When prices are low or stable, like now, it may be appropriate to stock up.
  • Consider group purchases : Grouping together among neighbors or within a community can make it possible to negotiate more advantageous rates.
  • Consider energy alternatives : In the long term, investing in more environmentally friendly heating solutions can be economically worthwhile.

Finally, although the prices of domestic fuel oil will see a slight drop this Tuesday, October 1, 2024, the future remains uncertain. Consumers must remain attentive to market developments and adopt a proactive approach to optimize their energy spending.

-

-

PREV Markets in Asia: green mood after the Fed, the dollar calmed
NEXT BP abandons oil reduction target