According to the AutoCentrum website, which, based on drivers' entries, monitors fuel prices in Poland, the average price of PB 95 gasoline went down to PLN 5.91 per liter and is similar with diesel oil. The last one was so cheap in February 2022.
According to the data of the cenapaliw.pl website, there are even numerous stations where the price is 5.50 PLN and lower per liter. As many as four such stations are in Zielona Góra. Such prices can also be found on Pyloni in Rzeszów, Poznań, Białystok, Warsaw, Krakow, Legnica, Wrocław, Warsaw, in Łomianki and Bialystok near Warsaw, and most of the listed are stations at Auchan hypermarkets.
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Well, but it probably ends. We owe low prices above all to two factors: a decrease in crude oil prices and zloty strengthening. Both factors are a bit related to each other, because the cheaper pus, the less import Poland does, less need to be bought for gold dollars, so the zloty is gaining. In recent days, however, the trend has reversed.
Prices of Brent oil barrel in London's notes goes up on Friday by over 3 percent. to almost $ 68 And this is the highest level from April 3. This is the second day of significant growth, because on Thursday it was +1.8 percent.
In addition, our currency does not absorb this height. The zloty loses 0.1 percent relative to the dollar On Friday, for a moment, piercing the level of 3.77 PLN. On Thursday he lost 0.26 percent
So for Christmas we are probably waiting for price increases at stations. They may not be spectacular, but stations with “6” at the beginning of fuel prices will not be among the exceptions.
OPEC and TRUMP
There are several reasons for the increase in oil prices. The first is the warming on the US-EUROPEAN line. US President Donald Trump and the Italian Prime Minister Giorgia Melons met in Washington and expressed optimism as to the possibility of resolving commercial tensions that strained American-European relations.
“We will have a very small problem with the conclusion of a contract with Europe or anyone else, because we have something that everyone wants,” said Trump.
The Bob Yawger market expert, cited by Reuters, director for energy contracts for energy at the Japanese Bank Mizuho, said that the conclusion of an EU trade agreement could potentially limit the decline in the demand for oil caused by Trump's duties.
Read also: Global tension around oil. Here is the latest fuel price forecast for the next week
The main blow of the target and sanctions will probably be directed at China. Sanctions imposed by Trump's administration on Wednesday, including Chinese smaller, independent oil refinery, increase pressure on Iran during talks on the nuclear program of this country.
Washington also imposed additional sanctions on several companies and ships, which, he claims, were responsible for facilitating the transport of Iranian oil to China as part of the Iranian shadow fleet. And this means a decrease in supply on the market.
What's more, the OPEC cartel announced on Wednesday that he received updated plans for further cuts of oil production by Iraq, Kazakhstan and other countries to compensate for exceeding the mining limits. At the same time, however, OPEC, the International Energy Agency (IEA) and several banks, including Goldman Sachs and JPMorgan, have reduced oil price forecasts and increase in demand this week. The US duties and retaliation of other countries caused chaos in global trade, so oil demand should be smaller.
