Fuels: prices are falling in the United States and France, but for how long?

An extension in your browser appears to be blocking the loading of the video player. To be able to watch this content, you must disable or uninstall it.

Listen (04:49 min) To be found in the show Reading time 1 min Finally some good news for motorists! Fuel prices are falling on both sides of the Atlantic. In the United States, gasoline has fallen below $4 per gallon. In France, the government has drawn on strategic stocks to lower the price of diesel. But this lull remains fragile.

In the United States, the average price of gasoline fell on Tuesday, November 10, to $3.98 per gallon (3.8 liters), 50 cents less than September 21. This decline is partly explained by the seasonal decline in consumption, but also by hopes of de-escalation with Iran after the mid-term elections won by the Democrats.

Donald Trump recently adopted a more conciliatory tone towards Tehran, reassuring the oil markets. Brent, the benchmark oil in Europe, fell back below $90 per barrel on Tuesday, before rebounding slightly on Wednesday.

Since November 1, the French government has decided to release 10 million barrels of diesel from strategic stocks, at a reduced price. According to Bercy, the reduction reaches on average 22 cents per liter in stations which have reduced their prices, or around 11 euros in savings for a 50 liter tank.

But this improvement could be short-lived. Tensions persist in the Middle East, particularly in the Strait of Hormuz, and a new military escalation could send prices up again. Another risk factor: countries that have drawn on their strategic reserves will have to gradually replenish them, which could support global demand for oil and slow down the fall in prices.

Page not found The content you are trying to access does not exist or is no longer available.

Machine-translated from French