In the United States, the average price of gasoline yesterday reached US$4,173 per gallon (3.7 liters), a record since 1990 when government records began. Thus, compared to a week ago, consumers are paying 55 cents more on the dollar, 72 cents more than a month ago, and US$1.40 compared to a year ago.
Prices vary between states, and in California the value climbs to $5,444 a gallon, according to data from the American Automobile Association (AAA) released by the Bloomberg agency. However, at EXXON service stations in Los Angeles you can already pay up to US$7.55 per gallon and at Chevron outlets up to US$7.79. This last price is equivalent to US$2,105 per liter, about 395 Argentine pesos at the official exchange rate.
In other countries the effects of the price of crude oil are also being felt, and in Germany, for the first time, the price of fuel rose to more than 2 euros per liter, according to the ADAC automobile club and the DPA agency. In March of last year, the value of gasoline in Germany was only 1,315 euros per liter, while in Spain the average price per liter jumped from 1,338 euros to 1.77 yesterday.
In Argentina
In Argentina, fuels increased by an average 9% last February, after a price freeze since May 21, 2021. Today a liter of YPF super naphtha in the Federal Capital -the local market reference- is paid $99 per liter (US$0.52 at the official exchange rate plus taxes), while the premium version costs US$116.90 (US$0.622).
In Córdoba, the YPF premium is paid $128.30 and the super about $108.40. In Rosario, the blackboards indicate $126.20 and $107.80, respectively.
At the time of deciding the last increase in February, it was taken into account that the peso devalued 11.35% against the dollar, 29.18% inflation was recorded according to the BCRA projection, the price of ethanol rose by 16.07% and that of biodiesel by 46.41%, while the price of oil, in the Brent index, grew by 31%, YPF sources indicated at that time.
At present, the official dollar remains stable around $188 and inflation is around 3% per month, but the price of a barrel of Brent oil stood at US$129, after touching US$140. As anticipated in the domestic market, these strong price movements could lead to another imminent adjustment in Argentine suppliers. Analysts and businessmen in the sector insist that the delay in prices in Argentina is still above 15%.
Source: Ambito
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