Gasoline price is going to rise substantially again

Opec+

The Opec+, composed of oil-exporting countries including Saudi Arabia, Iraq and Kuwait, made the decision because of the high inflation that major oil-producing countries such as Saudi Arabia are also facing. By reducing production, oil prices can be propped up, thus filling the coffers of the Opec+ countries. Analysts predict that oil prices could rise to $100 a barrel.

Two euros

Only as of May 1 do countries pump less oil, yet you are already paying more at the pump than last week. The announcement of the cut alone caused the price of oil to skyrocket by five percent. As a result, the price for a liter of Euro95 is back to two euros. For diesel, you spend 1.80 euros at a pump along the highway. At a local pump, of course, you can fill up your tank for less money.

Russia

The production cuts come out of nowhere. US President Joe Biden is not happy with rising oil prices because it would lend to Russia’s war chest. Moreover, its popularity at home rises and falls as soon as fuel prices go down or up.

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