“The dreaded boom is overdue”: prices at the pump are increasing, but not skyrocketing

And off we go again. While the summer season is in full swing, with its share of traffic jams on the main roads, prices at the pump are experiencing a new surge of fever. This is due to a renewed tension in the Strait of Hormuz, a month after the signing, on June 17, of a memorandum of understanding. For ten days, the United States has been bombing Iran again. And Tehran responds almost systematically by striking targets in the Gulf countries.

Consequence: the price of Brent rises on the markets. Having fallen below $70 per barrel when the protocol was announced, it reached $85 in recent days. Enough to mechanically increase the bill at service stations. This Sunday, diesel re-crossed the 2 euros per liter mark in the majority of points of sale, while gasoline was very close to it. For households heading on vacation, there is no doubt: refueling will cost more than expected.

By Editor

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