| Falling Petrol Prices: how it has changed in recent years THE petrol prices have seen significant fluctuation in recent years. Taking data from the last three years as an example, the average cost of petrol in 2021was of €1.30 per litre. This price increased in 2022reaching €1.50 per litredue to theinstability of the oil market and of geopolitical tensions. However, in 2023a substantial reduction was observed, with the average price falling to €1.20 per litre. This downward trend reflects a combination of factors, including the decrease in global demand for oil and the effect of more sustainable energy policies.
Collapse of Oil DemandThere demand for oil has undergone a decline significant, influenced by various macroeconomic factors and by a change in consumer habits. The International Energy Agency reported that global oil demand has seen a 3% reduction during thelast year. This decline is partly due to growing adoption of electric vehicles and greater sensitivity towards sustainable alternatives. Furthermore, the economic slowdown in large economies such as China and Europe it has contributed to lower demand for fossil fuels.Reduction of Distribution Margins
THE margins of distributionwhich include the costs of transportation, storage and retail sales of gasoline, recorded a decrease. This phenomenon is mainly explained by theimproved operational efficiency and with the reduction of logistics costs. For example, many oil companies have optimized their supply chain operations to adapt to a more competitive market environment, thus reducing their distribution margins.
Cost of Petrol: forecasts and future prospects
Despite the current drop in the amount of petrol, the market remains volatile and subject to rapid change. He continues it evolution of energy policiescombined with global economic uncertainties, could lead to new price fluctuations. Tracking these developments will be crucial to understanding future trends in oil and gasoline prices. Furthermore, the transition towards more sustainable energy sources could influence long-term oil demand, thereby shaping the global energy landscape. Source: https://www.prontobolletta.it/ |
