Gas Prices Soar, Spoiling Holiday Cheer for European Drivers

As the holiday season approaches, drivers across Europe are facing a unwelcome surprise: rising gas prices. Despite hopes for a pre-holiday price drop, the opposite has occured, leaving many feeling the pinch at the pump.

gasoline and diesel remain the fuels of choice for many European motorists, even with the increasing costs of maintenance and fuel.Recent data paints a grim picture for drivers, with prices climbing despite a recent dip in refined product costs. “The Christmas holidays bring the ‘gift’ of an increase,” according to a recent report analyzing data from the Mimit Price Observatory.

As of December 17th, the average price of self-service gasoline in Europe reached €1.759 per liter, a slight increase from the previous average of €1.756. Diesel followed a similar trend, rising to €1.659 per liter from €1.656. “Obviously prices go up if you consider the ‘served’ mode,” the report notes, with served gasoline reaching €1.902 per liter and served diesel at €1.802 per liter.

Fuel Price Increases: A Holiday Surprise

The report also provides a look at LPG and methane prices. LPG prices fluctuate between €0.742 and €0.761 per liter, while methane prices range from €1.406 to €1.486 per kilogram. For drivers seeking relief, the report highlights bulgaria as the country with the lowest average gasoline prices in the European Union, at €1.268 per liter.

These rising fuel costs are likely to impact holiday travel plans for many europeans, forcing some to reconsider their transportation options or adjust their budgets. The situation underscores the ongoing volatility in global energy markets and their direct impact on everyday consumers.

The average price of self-service gasoline in Europe reached €1.759 per liter on December 17th, [1] .Diesel followed a similar trend, rising to €1.659 per liter from €1.656. Bulgaria has the lowest average gasoline prices in the European Union, at €1.268 per liter. [1]