Source link : https://tech365.info/battle-in-center-east-may-value-europes-drivers-an-additional-e150-million-a-day-cleantechnica/
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European drivers paid a €55bn ‘geopolitical premium’ on the pump in 2022 when oil costs final averaged $100 a barrel. Dependence on imported fossil fuels continues to go away Europe susceptible to volatility.
Europeans are set to pay a ‘geopolitical premium’ of an additional €150 mn a day as oil costs go $100 a barrel, new analysis by T&E into gas worth premiums¹ in 2022 present. Europe pays a excessive worth for its dependence on imported oil, warns T&E, which requires long-term quite than short-term measures to liberate Europe from the volatility of geopolitical shocks.
In 2022, the final time oil costs handed $100 barrel, Europeans spent an extra €55bn on the pumps. Throughout the EU, by mid-2022, diesel costs had been up 45% and petrol elevated by 36%. In the direction of the tip of June 2022, petrol and diesel costs on the pump exceeded €2 per litre, that means drivers had been spending €24 to €31 extra to replenish a 50 litre engine than they had been pre-crisis.
Antony Froggatt, senior director at T&E, stated: Europe’s oil dependency creates a geopolitical premium at any time when there may be world volatility. This can proceed to cripple Europe’s financial system and put stress on households, except we structurally finish our reliance on imported fossil fuels. Donald Trump and his mates in Russia and Saudi Arabia have a whole lot of energy, however one factor…
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Author : tech365
Publish date : 2026-03-13 03:59:00
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