After a slight increase in late August the price of gasoline drops significantly again, setting an average of 1.68 euros per liter for self-service. Diesel, on the other hand, costs around € 1.80 per liter. The interview was conducted by Money.it Cesare Imbriani (professor of political economy at Sapienza University) e Alessandro Lanza (Professor of Energy and Environmental Policy at Luiss) say they are confident the price will remain broadly stable in the coming weeks.
The bearish trend that started last June should therefore “plateau”, the minimum threshold, with a maximum of some other slight dips. This is despite the new nuclear threats that Vladimir Putin has directed to the West on the occasion of the declaration of partial mobilization of Russia on television. This move spiked oil prices, but then they returned to the levels of the last few days without any shocks to futures.
In any case, as both professors explain to Money.it, the severe shocks caused by the sharp deterioration in relations between Moscow and NATO countries and the new military escalation could change the forecast. Another variable is the one related to the oil price cap, approved by the G7 and on which the West is discussing with the OPEC + producing countries.
According to Imbriani, there are margins that support the oil price cap, which further increases production as a counterbalance to balancing supply and demand. In this case, the price of gasoline “could fall below EUR 1.6 per liter”.