21 November 2011

Price of Gas in France, Part 2

Seven months ago when I reported on the rising price of gas in France, customers at this station in Lyon were paying 1.56€ for one liter of S/Pb 95 (unleaded).

Today they're paying 1.50€ per liter, six cents less than at the beginning of the year.

What's the reason for this drop?

According to this on-line article from last Thursday, anxiety over Europe's debt crisis has caused oil prices to drop 4 percent.

Maybe. But my guess is that this is a temporary tumble and that prices will be back up again soon.

Next "Gas in France" report — December 2011.

No comments: