Gasoline prices are rising so much that a new subsidy is in the air. And her employers already reject her
The sum of all numbers in a data set divided by the count of those numbers. This is how the arithmetic mean is defined, probably the most used statistical value. A first approximation to a story but it is by no means definitive. And the average tells us a small part of what happens. How is it turning out with the price of gasoline. Has gasoline gone up? The data They say yes but they are disparate. According to the portal dieselgasolina.com which monitors the price of Spanish gas stations, 95 gasoline has increased by two cents since yesterday and today it is purchased for 1.58 euros per liter. Diesel equals it in price and in this case it has increased by four cents. But the drivers’ feelings are very different.. Just a quick review of this map of eldiario.es in which the increase in the price of each service station is recorded. It clearly reflects that prices have risen where there is more population or in large mobility corridors, such as the most frequented highways. It is easy to find increases in gasoline to 1.70 euros/liter and diesel to even 1.80 euros per liter. With variations in the last week of more than 10%. That is, increases of more than 10 cents/liter in the last week. The average growth, therefore, is marked by other gas stations that have not changed their prices due to less frequent renewals. Click on the image to go to the original map. Source: eldiario.es The noise of the subsidy The rise in gasoline prices and, above all, diesel, which continues to be the vast majority in the Spanish vehicle fleet, has caused talk again about the application of a purchase subsidy by the Government. In March 2022, after a transport strikethe Government agreed subsidize the sale of gasoline and diesel to the final consumer with 20 cents/liter. Of those 20 cents, 15 were paid by the State and the remaining five cents were paid by the gas stations. Then, the price of both fuels was around 1.80 euros/liter and recovered them again despite the State’s efforts. That is to say, the subsidy somewhat alleviated the purchase of fuel but It certainly didn’t help curb prices.. Yet, In Portugal the aid reached 40 cents/liter and in Poland reduced VAT as a means to reduce the price. The situation does not invite optimism. Carriers are already beginning to complain the Government to implement an aid package to alleviate a situation that everything indicates will become even more complicated. Nacho Rabadán, general director of the Spanish Confederation of Service Station Employers (CEEES), described COPE the situation as “a black week for service stations”, ensuring that businessmen are eating part of the increase in costs from the rise in oil. However, CEEES has already informed the Government that they do not count on them if a new subsidy has to be applied to the purchase of fuel. They collect in The Independent that the association has sent a letter to the Executive and they rescue Rabadán’s words in which he assures that “in 2022, the payment of the bonuses had to be advanced by the service stations out of their own pockets and, on average, they amounted to 30,000 euros; we were the ones who financed the 20 cent measure. That cannot be repeated.” Those days, CEEES also defended that the procedure was erroneous and the low cost They threatened to close because, in their opinion, their business model would be put at risk if they had to advance the money. The big oil companies, on the other hand, they did enter into a price war. Recently, the CNMC accused Repsol to use the subsidy and subsequent discounts to eliminate its competition. At the moment, there is nothing firm on the table but the rumor of a possible subsidy for the purchase is taking shape again. All we have at the moment are statements from Carlos Corpus, Minister of Economy, collected by Expansion in which he points out that he says they will be “above the prices.” “Unfortunately, we already had to go through a similar episode in 2022 as a consequence of the invasion of Ukraine, so we are perfectly prepared to know what we have to do if necessary, protecting our citizens and companies through that shield,” Corps has made clear. For now, what that shield will be for citizens and companies is unknown. What is certain is that the gas stations want us to not return to the situation of 2022. Photo | Eric Mclean In Xataka | There is a hidden war to sell us the cheapest possible gasoline. One that Ballenoil and Plenergy already dominate