Categories: News

This is why the fuel price will soon fall to normal levels

The price of a barrel of Brent oil is slightly above $80. And that’s not even a record. Between 2011 and 2014, a barrel cost more than $100, but fuel prices weren’t as insanely high then as they are today. This is partly why experts think that the sky-high prices at the pump will soon be over.

After a period of low demand, fuel prices skyrocket


quotes an American expert as saying, “High oil prices are the cure for high oil prices.” If there is a period of low oil consumption (such as in 2020 during the onset of the corona crisis), the oil market tends to skyrocket when demand suddenly returns.

Oil supply is now almost enough to meet demand

Now that oil demand has been stable for some time, that exaggerated price increase will stabilize and turn into a price drop, the expert said: “They should return to normal levels sometime next year.” The International Energy Agency reports that oil supply is close to meeting demand and that the end of price increases is in sight.

Recent Posts

The solution for Ferrari according to Martin Brundle: “Maybe this is what they need”

Former F1 driver and Sky analyst Martin Brundle has given his views on Mattia Binotto's…

17 hours ago

Guenther Steiner is releasing a book about Haas’ turbulent F1 season in 2022

Guenther Steiner will release a book in April that will give us a behind-the-scenes look…

20 hours ago

Sebastian Vettel: “My years at Ferrari have taken a toll”

Looking back at his career in Formula 1, Sebastian Vettel also spoke out about his…

23 hours ago

Renault Austral (2022) test: Are the French finally no longer being laughed at by annoying Qashqai colleagues?

Renault Kadjar and suvs, things are not going well yet. The Renault Austral must finally…

1 day ago

FIA is considering introducing new penalties and adjusting engine regulations

In response to the many 'strategic' engine changes we have seen over the past season,…

1 day ago

Daniel Ricciardo has very simple advice for his successor Oscar Piastri

Daniel Ricciardo's contract with McLaren ended a year earlier than expected. However, Ricciardo bears no…

2 days ago

This website uses cookies.