Gasoline and diesel posted a second straight uptick last week, nudging up by 0.25 percent for gasoline and 0.14 percent for diesel. Even with these gains, both fuels stay near their annual lows and remain well below the highs seen just twelve months earlier. The European Union Petroleum Bulletin, a reference source cited by EFE and drawing on data from more than 11,400 fuel stations across Spain between May 30 and June 5, shows the average price per liter at 1.588 euros for gasoline and about 1.417 euros for diesel. These figures reflect a market still wrestling with fluctuating demand, supply constraints, and policy measures that influence retail prices at the pump.
In context, gasoline marks its second consecutive rise after a five-week period of declines, reaching the fifth lowest price point observed this year, while still remaining higher than diesel. Diesel, having fallen for ten weeks, sits among the fifth lowest prices of 2023 despite the latest uptick. This softness comes after a period when the government implemented a twenty-cent-per-liter reduction. When compared with the previous year, gasoline shows about a fourteen percent decrease and diesel around a seventeen point four percent decrease. Last month, gasoline slipped by roughly seven tenths of a percent and diesel by about one point one percent, illustrating a seasonally driven pattern of demand and pricing that affects both fuels in Spain.
At current levels, filling a 55-liter tank with gasoline costs roughly eighty seven point three euros, while the same fill with diesel runs about seventy eight euros. The price gaps translate into savings of roughly fourteen point three euros for gasoline and around sixteen point four euros for diesel versus a year earlier. These figures show a market still far from the peak prices reached in June of two thousand twenty-two amid the energy crisis driven by geopolitical tensions, with gasoline about eighteen point two percent cheaper and diesel around twenty-five point four percent cheaper in comparison. Across Europe, Spain’s fuel prices last week sat below the continental average, where the typical gasoline price hovered near one point seven sixteen euros per liter and diesel around one point five four euros. In the broader euro area, the average price per liter stood at approximately one point seven six six euros for gasoline and about one point five six six euros for diesel, underscoring a regional pattern of price dispersion influenced by exchange rates, taxation, and energy policy changes. Data drawn from the EU Petroleum Bulletin and reported by EFE, based on station-level observations in Spain.