Will fuel prices hit our pockets?

Fuel market
Will fuel prices hit our pockets?
It takes approx. 1 minutes to read this article

Although for the time being we have not seen any major changes in fuel station prices, it is possible that this will change quite soon due to increases in fuel prices at refineries.

Recently, the meeting of the OPEC+ Ministerial Committee, which had the opportunity to recommend a halt to the easing of production restrictions planned for January, received extraordinary media attention. This decision could halt price declines. However, we will not know the final outcome of the negotiations until November 30 and December 1, when the next summit will be held.

Although the refinery price of gasoline fell last week, an increase in the price of diesel was observed. Instability in the fuel market and geopolitics could negatively affect fuel prices.

(Photo by Zbynek Burival on Unsplash)

Add comment

Your email address will not be published. Required fields are marked *

*

19 − sixteen =

Recommended articles
Transportation business trends that will dominate 2021
Transportation business trends that will dominate 2021
What will happen to the transportation business in 2021? Here are the possible trends.
Largest ports in Europe – TOP5
Largest ports in Europe – TOP5
Discover the TOP5 biggest ports in Europe
Is autonomous transportation the future? There is research
Is autonomous transportation the future? There is research
Intelligent transport specialists from Poland and Israel have conducted research that shows what is the potential of autonomous transport of people and goods. It turns out that the possibilities are really huge! Over the next five years, the market for vehicles that do not require constant steering is expected to make huge progress.
Latest articles