Fuel prices are escalating: This is how our neighboring countries are reacting

The consequences are felt worldwide: Since Qatar has stopped producing liquefied natural gas (LNG), the global market is currently missing 20 percent of the supply, while almost all of it Closure of the Strait of Hormuz supply becomes even more difficult.

Drastic measures in Europe

In Europe, governments are reacting to the “oil emergency” with different strategies:

• Slovakia: Fuel sales were massively restricted here. Only a maximum of diesel and petrol are allowed per vehicle 400 Euro be refueled; Carry in canisters is limited to ten liters. In order to curb fuel tourism, foreigners also pay higher prices, which are based on the average in neighboring countries.
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  Italy: The government in Rome is relying on relief and is reducing fuel prices for 20 days 25 Cent. At the same time, a monitoring system was set up by the financial police to prevent speculative price manipulation by energy companies.

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  Deutschland: The black-red coalition rejects a fuel discount as “corporate support”.. Instead, the plan is to change prices at gas stations once a day to restrict and strengthen the powers of the Federal Cartel Office.

Pressure on the USA

In the US, the price of a gallon of diesel has risen to over five dollars, putting the government under pressure Donald Trump is politically explosive in view of the upcoming congressional elections. As an immediate measure, Trump implemented the Jones Act for 60 days to allow foreign ships to transport fuel between US ports. Vice President JD Vance also announced further meetings with the oil industry to cushion inflation.