After passing the two euro mark over the last month, fuel prices are starting to fall. Gasoline has been falling for several days. For its part, diesel also continues to decline. Good news for motorists who were worried about seeing prices reach high levels.
For this Sunday, May 5, 2024, the price of Sans-Plomb 98 is displayed at 1.988 euros per liter by the specialized site Carburants.org. A price which is significantly below that observed at the end of April, but it still remains higher than the price recorded at the beginning of last month.
Still according to the same Source, Sans-Plomb 95 is, for its part, priced at 1.924 euros per liter. Here too, the decline is significant compared to the second half of April. As for E10 and E85, the prices displayed for this Sunday are respectively 1.909 and 0.891 euros per liter.
As for diesel, it fell back below 1.8 euros per liter at the start of May. This Sunday, it is displayed at the price of 1.753 euros per liter, according to the website Carburants.org, a drop of more than 5 euro cents (3%) compared to the prices observed at the beginning of last month.
If fuel prices are falling so much in France, it is largely because of the decline in black gold prices. Oil prices directly influence fuel prices in France. And for several days, this fossil energy has been in decline.
Fuel prices follow oil prices
This Sunday, a barrel of Brent from the North Sea sold at $82.80. We are a long way from the 90 dollars reached last month. As for the barrel of West Texas Intermediate (WTI), it fell back below the threshold of 80 dollars, standing at 77.99 dollars per barrel.
This clear decline in black gold prices is essentially due to “ easing geopolitical risks in the Middle East as the United States steps up efforts to secure a truce in Gaza “, explained DNB analysts.
Furthermore, the economic situation in the United States has also impacted the prices of black gold. Experts are unanimous in saying that oil prices also fell due to fears of a weakening of American demand after weaker than expected employment figures. Indeed, in April, 175,000 jobs were created in the United States, compared to 315,000 in March.
