The increase in the cost of energy is influencing multiple prices of everyday products, which means that citizens have to spend more to maintain our rhythm and standard of living.
In recent times, we keep hearing that electricity, gas or fuel they have reached all-time highs in their prices. Something that has a direct negative influence on our pockets as private consumers, but that is also affecting companies, which must spend much more than before to maintain their activity.
854 euros more per year: this is the figure that the study carried out by the Organization of Consumers and Users (OCU) has revealed that we will spend more on energy in relation to 2020. This figure includes fuel, but also electricity and gas. Products that, indirectly, will affect the prices of basic products such as food, and it is not in vain that the CPI has risen 4%.
This is how the price of fuel has evolved
The price of fuel is a clear example of the price escalation of this 2021 in which it was assumed that we were going to gradually recover the economic rhythm prior to the pandemic. Nothing could be further from the truth, at least as far as the cost of filling the tank is concerned.
At the beginning of October, gasoline and diesel reached prices not seen in more than seven years, matching those of 2012, 2013 and 2014. Something that contrasts with the fact that the cost of oil is considerably lower. This means that, if this trend continues in the last months of the year, the annual extra cost ends up amounting to 404 euros for gasoline and 301 euros for diesel for a driver traveling 20,000 kilometers.
In 2016, fuel prices reached their lowest prices of the last decade, with Gasoline 95 at an average price of 1,171 euros per liter, with Diesel at 1,038 euros per liter. Since then, the rise has been progressive with the exception of 2020, since the low demand caused by the pandemic caused prices to drop to levels similar to those of 2016.
This year, the Gasoline 95 started with an average price of 1,221 euros per liter in January, while the Diesel it did so at an average cost of 1,100 euros. Already in June, this average cost rose to 1,379 euros per liter for Gasoline 95, with Diesel standing at 1,240 euros per liter.
With the rise registered in this month of October (1,348 euros for Diesel and 1,481 for Gasoline 95), the price of diesel and gasoline has risen 18% in these 10 months of the year.