In the first half of 2024, Luxembourg solidified its position as the leading European nation in terms of gasoline accessibility for residents. This assessment comes from DEA News, which tracked how much fuel people can purchase with the average local salary during that period. The takeaway is clear: Luxembourgers could acquire a substantial amount of petrol relative to wages, underscoring the country’s favorable balance between income levels and fuel costs. (DEA News)
According to the same report, the average Luxembourger could buy over 2,500 litres of petrol with the monthly earnings typical for the period. This figure not only highlights the purchasing power of drivers in Luxembourg but also frames a broader European comparison. England followed in second place with roughly 2,100 litres available per month, while Ireland, Austria, and the Netherlands rounded out the top five. In these markets, residents consistently accessed more than 1,870 litres of petrol on an average monthly salary, illustrating how cost of living and wage structures translate into tangible fuel purchasing power. (DEA News)
Russia ranked 13th in this particular ranking, with the average monthly salary enabling the purchase of about 1,287 litres of 95-octane gasoline. The position indicates a comparatively modest fuel purchasing capacity within the context of Russian earnings, reflecting local price dynamics and income levels. (DEA News)
In the trailing part of the spectrum, Moldova occupied the last place in the survey, where residents could buy only about 463 litres of fuel on average monthly earnings. That contrast emphasizes the wider disparity across European economies in terms of wage levels, fuel pricing, and the ability to convert income into transport energy. (DEA News)
Separately, there were reports suggesting that the price of AI-95 gasoline might rise in the near term, with 2024 price movements observed on key commodity exchanges. On the St. Petersburg International Commodity and Raw Materials Exchange, gasoline prices edged upward to about 75,296 rubles per ton, signaling a potential shift in fuel economics for the region. (Record updates for 2024)
Industry observers have also noted a trend among former station operators and market players in the Russian Federation toward greater production capacity and evolving price dynamics. These shifts could influence spectrums of supply and consumer costs in the months ahead, even as the broader European context remains influenced by currency fluctuations and regional demand patterns. (DEA News)