Gasoline and diesel prices have fallen again this week, reaching their lowest levels since May. Average prices slipped to around 1.70 euros per liter for gasoline and 1.69 euros per liter for diesel, coinciding with the second government-supported summer discount. The easing comes as the European Union’s Petroleum Bulletin gathers data from more than 11,400 Spanish service stations between July 26 and August 1, showing prices dipping below the 2 euro-per-liter mark even without the public subsidy.
Over the past seven days, gasoline prices declined by about 3 percent, while diesel prices dropped roughly 2.3 percent, even as these months remain historically expensive for August. In practical terms, gasoline has touched its lowest level since mid-May at about 1.697 euros per liter, with diesel not having seen prices this low since late May, around 1.652 euros per liter.
Both fuels are still cheaper than the prices recorded at the end of March, when the government introduced a 20-cent-per-liter bonus for all consumers that remained in effect throughout the year. Yet, the rise in fuel costs since early 2022, exacerbated by the Russian invasion of Ukraine, has pushed gasoline prices up, rising about 15 percent year over year from the first week of January. Diesel, on the other hand, has tracked a similar upward trend, climbing roughly 26 percent compared with the previous year.
At current prices, filling an average 55-liter tank with both gasoline and diesel costs a little over 93 euros. This translates to about 12 euros more for gasoline and roughly 19 euros more for diesel than at the start of 2022. The combination of international market dynamics, exchange rate fluctuations, and domestic policy support continues to shape a volatile price environment for motorists across the country.
Market observers note that while summer discounts help offset costs for households and small businesses, the broader trajectory remains sensitive to global energy demand, geopolitical developments, and euro-to-rail price adjustments. Consumers are advised to monitor weekly EU Petroleum Bulletin updates and to compare local station prices, as regional differences can yield meaningful savings even within the same city.
In the broader European context, prices for gasoline and diesel have shown periodic declines when supply tightens or demand softens. Nevertheless, for households that rely on regular driving, even modest shifts in price per liter accumulate into substantial monthly expenditures. Analysts suggest that diversified energy strategies, including careful route planning and efficient driving habits, can further mitigate the impact of price volatility on household budgets.
Overall, the current price environment reflects a delicate balance between government subsidies, global crude trends, and regional market dynamics. As the autumn season approaches, stakeholders will be watching for further policy signals and market data that could influence future pricing for both gasoline and diesel across Spain and the wider European market.