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The worst news for everyone with gasoline and diesel cars. It happens at the pump with the price, in an accelerated way

Drivers receive bad news during this period, and this targets all those who drive petrol and diesel cars.

Bad news is coming for drivers in Romania. Fuels have increased by 10% since the beginning of the year. It is a sign that demand is growing, especially the easing of restrictions and optimism that things will return to normal.

The data published by the European Commission show that the liter of diesel was at the end of last month about 9% more expensive than the first days of the year, the price increase for gasoline being 12%.

Bad news for drivers: what happens to the price of gasoline and diesel

Oil prices hit multi-year highs on Friday, ending a third consecutive week of hikes.

Brent oil futures closed up 17 cents on Friday at $ 72.69 a barrel after hitting their highest level since May 2019. Brent oil rose 1% for the week as a whole. It is also valid in the United States.

The price of futures contracts for West Texas Intermediate (WTI) oil, a benchmark in the US market, closed up 62 cents at $ 70.91 a barrel, the highest level since October 2018. The weekly increase was 1 , 9%.

“Demand is recovering faster than supply, and we will need a larger supply to meet that demand,” said Phil Flynn, a senior analyst at Price Futures Group in Chicago.

As expected, these references were also felt in Romania. It’s just that, it seems, our companies they rushed to increase pump prices faster than oilmen in Greece, Germany, Italy or France did.

The price increases come in the context in which the world demand for oil is increasing, without being covered by production. Thus, the barrel is now selling for over $ 72, in the context in which at the beginning of the year the transactions were made at about $ 50, and a year ago at $ 27.

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