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MarkBuckawicki
An evaluation of European Commission figures by the European NGO Transport & Environment indicated that motorists are spending 40% more than at the beginning of the year. This translates to approximately €30 more for a 50-liter tank refill. The cost of gasoline has increased by 28% this year.
The main factors contributing to this rise are disturbances in the Strait of Hormuz and supply challenges from Russian refineries. Europe relies more on diesel than other areas, constituting over 40% of petroleum product usage—twice the amount seen in the US.
France, facing record high diesel prices, is suggesting that the EU temporarily ease fuel quality and biodiesel standards to reduce costs. At the same time, specialists are urging a faster transition to electric transportation.
source: ft.com
The main factors contributing to this rise are disturbances in the Strait of Hormuz and supply challenges from Russian refineries. Europe relies more on diesel than other areas, constituting over 40% of petroleum product usage—twice the amount seen in the US.
France, facing record high diesel prices, is suggesting that the EU temporarily ease fuel quality and biodiesel standards to reduce costs. At the same time, specialists are urging a faster transition to electric transportation.
source: ft.com
