Good news for fuel prices

Since November 16, a liter of gasoline or diesel has become more expensive. And for good reason, he only benefits from 10 cents of government discount instead of the 30 cents set up on September 1st. Knowing that these 10 cents will be abolished from next January 1, we will have to expect a new mechanical increase in the price of fuel in our country at that time. The increase noted in recent days in French pumps is however less important than expectedwith a difference of less than the 20 cents lost in this drop in the government rebate.

This contained increase is no doubt partly explained by the current state of the price of a barrel of oil. After peaking below $83 last Monday, Brent currently remains low (less than $90). New slowdowns in activity in China, still hampered by its closures linked to its radical policy on the management of the coronavirus crisis, can partly explain this level of the low price of a barrel of oil (since this limits its oil consumption ). More generally, the pessimistic forecasts on the state of world demand are limiting the rise in oil prices and are even increasing the stocks of oil available in the ships currently plying all the oceans of the globe (at the highest level since May 2020).

More disaster at the pump?

Even though the recent decline in OPEC+ production levels does not help to keep oil cheap, the current world situation would therefore be more likely to avoid scenarios of outbreaks like that of the beginning of the year 2022. All the more since the relative appeasement of diplomatic relations between the States States and Saudi Arabia. So, won’t we even pay attention to the total disappearance of the government rebate when we fill up with fuel at the beginning of 2023? Everything will mainly depend on the state of demand between now and the situation in China, whose economic activities are voracious in oil.

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