gasoline

I have calculated how much I will spend on gasoline this Easter. I’m already looking for an electric car

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Tomorrow, March 28, will mark one month since the United States and Israel attacked Iran in an offensive that appears to be stalling. Four weeks since the Strait of Hormuz was effectively closed, since the price of oil skyrocketed and gasoline prices skyrocketed. Four weeks paying more for our deposits. Four weeks looking at electric cars with different eyes. Tied to fuel. The price of gasoline and diesel has fallen significantly since the Government applied the discount on VAT on hydrocarbons. The market, which was beginning to reach two euros/liter, has relaxed in the case of gasoline (1,562 euros/liter on average), according to dieselgasolina.combut it is still very high in the case of diesel, which remains at 1,773 euros/liter. This gap between diesel and gasoline is making let’s live an unprecedented situation. Already with the war in Ukraine we saw the price of diesel skyrocket. Now, with Russia already out of the market (at least the legal one) and with a new tension in the supply chain, Europe is witnessing an increase in diesel prices for having gotten rid of its refineries over the years. A considerable saving. Taking prices in Spain as a reference, the savings in the cost of using an electric car were already high in recent years. But this has skyrocketed in the last month. Spain continues to be dependent on diesel for an aging fleet where diesel is used by 57.1% of the total volume of cars, according to Anfac. although new cars sold with this technology are very few. And in Europe the x-ray is very similar. This has made many look at the electric car with different eyes. How we tell you our calculator and the professionals themselves explainthe more kilometers traveled with an electric car, the cheaper its cost of use. Or, simply, the greater the gap that exists with gasoline. Let’s give an example, with diesel at 1.773 euros/liter, traveling 100 kilometers with a car that consumes five liters of fuel costs 8.86 euros. In the case of gasoline, if the car consumes seven liters on average, the cost to travel 100 kilometers is 10.93 euros refueling at 1.562 euros/liter. With an electric car that consumes 20 kWh/100 km on the road, the cost is the following: Domestic rate (10 cents/kWh): 2 euros/100 km Direct current recharging up to 50 kW (20 cents/kWh): 4 euros/100 km Direct current recharging up to 150 kW (30-45 cents/kWh): 6-9/100 km Direct current recharging above 150 kW (60 cents/kWh): 12 euros/100 km Winner? Yes, especially the slower we reload. And the comparisons between a combustion car and an electric one are somewhat complicated since the consumption of the car on the road (quite variable between electric cars) and the price of the chargers come into play. Below we will leave a practical example but first we will make some details clear: The consumption of an electric car on the road has important differences. A Tesla Model 3, perhaps the most efficient car at the moment, consumes about 16 kWh/100 km at sustained rates of 120 km/h. A “gastón” car can go at 24 kWh/100 km. That, with high rates, means recharges of up to four euros more per 100 kilometers The real savings of an electric car are in slow recharges, especially domestic ones. Here, rates vary greatly. There are flat rates of 15 cents/kWh but those who have license plates and a favorable environment can charge at 0 cents/kWh for a good part of the year. In our case, we are going to assume 10 cents/kWh. On a trip like Easter, it is very likely that we will stop to sightsee in a city or to eat. At these stops, slow or direct current charging can be done but at low power, below 50 kW. Just as service stations have loyalty cards and programs, electric car users can also take advantage of subscription rates to save money. We will leave them aside because the possibilities in both cases are very wide. Our example. To understand whether or not we save money, let’s assume that this Easter we add a trip of 2,000 kilometers. In it, we will leave with a full battery, as a typical electric car user would. Our electric car has a range of 400 kilometers. The round trip will take us 1,200 kilometers and we will do another 800 kilometers moving from one place to another, getting to know new places. Let’s assume that the car’s consumption is 20 kWh/100 kilometers and that the battery has a size of 80 kWh. Thus, we are going to assume the following recharges: We leave home with 100% (80 kWh and 400 km) and we stop when we have 10% battery left (8 kWh and 40 km) We fill the battery with a high-power charger up to 80% (we have recharged 56 kWh and have 320 km available) and we arrive at the destination with 80 km left in the battery (20%) At the destination we charge the battery to 100% to move with a 50 kWh charger. We have a second recharge at destination. We are going to do 800 kilometers of tourism, that is two full batteries which is equivalent to the first full recharge already mentioned and a second to have another 400 kilometers ready. On our return we will repeat the move: we will charge in our holiday area (third recharge at destination) with a 50 kW charger up to 100%, we will repeat the fast charging on the road at more than 150 kW and we will fill the battery at home to 100% to check the real cost. Here we will arrive with 20% battery. The expense. Taking all this data, we have the following results: First recharge on the way up to 80% (56 kWh at 0.60 euros/kWh): 33.60 euros First recharge at destination up to 100% (72 kWh at 0.20 euros/kWh): 14.40 euros Second recharge at destination up to 100% (80 kWh at 0.20 euros/kWh): … Read more

why diesel is much more expensive than gasoline

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The conflict between United States, Israel and Iran has turned the energy industry upside down, leading to an aggressive increase in fuel prices. Diesel has risen so much and so quickly that it is already above the price of 98 gasoline in Spain, the most expensive fuel at the pumps. The differences. According to data from the Ministry for the Ecological Transition collected According to the Dieselogasolina portal, the accumulated average price of diesel this weekend was around 1.96 euros per liter, before the government measures package to tackle the problem, while 98 gasoline was around 1.97 euros. After the measures, diesel has remained on top, and this may end up being a problem for millions of drivers, transporters and industries that have no alternative. How we got here. The outbreak of the war in the Middle East on February 28 has acted as a trigger for an increase in prices. Since that date, gasoline has become more expensive by around 18.9%while diesel accumulates an increase of close to 31.1%, according to the Organization of Consumers and Users (OCU). The problems. Diesel does not only depend on the price of a barrel of oil, but on something more structural. Iran controls the Strait of Hormuz, a key point for maritime oil transit, and any alteration in that area has an immediate impact on international prices. The Government announced last Friday a series of measures in order to alleviate the rise through a reduction in VAT on fuel from 21 to 10%. Together with its partners from the International Energy Agency, it also authorized the release of up to 11.5 million barrels of oil from strategic reserves, which is equivalent to 12.3 days of national consumption, being the largest release of reserves in the history of the IEA. Prices have dropped from their highs last week, as the chart for the last seven days shows. But diesel is still above 98 gasoline. Why diesel rises more than gasoline. Every time there is an energy crisis, diesel hits harder than the rest. It makes sense, since the rebound is mainly due to Europe’s dependence on diesel importssince the continent depends on the Middle East for this type of fuel. For this reason, its international price has come to eat up the tax advantage that diesel historically had in Spain. Added to this is that Europe has spent years closing refining capacity. Well according to data According to the Financial Times, as of 2024 alone the continent has closed about 400,000 barrels per day of refining capacity, a deficit that has been accumulating for years. The process was further accelerated when Russia was sanctioned following the invasion of Ukraine. And Europe depended on Russia for almost half of its total diesel imports. Losing that supply required rebuilding the entire supply chain. And now, without Russia and with the Middle East on fire, Europe’s diesel market is in a bind. The vehicle fleet is still mainly diesel. If diesel were only the fuel for those who drive on the highway or travel many kilometers, the impact would be limited. But it is not. Of the more than 34 million vehicles which approximately make up the vehicle fleet in Spain, around 57% are diesel vehicles. If we focus only on passenger cars, some 15 million private cars depend on this fuel, which is now ahead of the most expensive gasoline. And although sales of diesel cars have been collapsing for years (in February 2026 They represented only 4.05% of passenger car registrations) diesel vehicles continue to be the majority in Spain. The renewal of the fleet is slow because new cars are expensive and electric cars have not yet penetrated sufficiently. The blow to transportation and everything you buy. The problem multiplies when we look beyond conventional tourism. And it is that 93.8% of light commercial vehicles They use diesel, while 98.7% of commercial vehicles use diesel. Trucks, delivery vans, agricultural machinery, buses: almost everything that moves goods in Spain runs on diesel. And approximately one-third of trucking companies’ operating costs are fuel. In the case of a long-distance heavy truck, the consumption can exceed 4,000 liters per month. The sharp increase in the price of diesel, with increases of more than 30% in a few weeks, is putting pressure on the transport sector. While a private driver can stay at home or take the subway or bus, the truck driver has no alternative. And when transportation costs rise, so do the prices of what you buy at the supermarket. Cover image | Roberto Rodríguez and engin akyurt In Xataka | In 1973 the oil crisis elevated the Japanese car. In 2026 the winner is very different: the Chinese electric

lower VAT on gasoline and diesel to 10%

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The Government intends to approve in a Council of Ministers this Friday a package of shock measures to contain the economic effects of the conflict in Iran. The tax reduction on fuel, electricity and gas are the most notable measures, but the plan also includes specific aid to transporters and farmers and a reinforcement of the social shield. What has happened? The Government wants to lower VAT of electricity, gas and fuels from 21% to 10%. The special tax on hydrocarbons will be temporarily eliminated, which will mean direct relief in the price of diesel and gasoline between 30 and 40 cents per liter, depending on share SER chain. The special tax on electricity, currently at 5%, also disappears, along with the tax on the value of electricity production. According to account El Diario, the Council of Ministers, scheduled for this Friday at 9:30, had to be delayed due to pressure from Sumar to include measures at the last minute in the decree on housing and control of business margins. Therefore, we still have to wait a while until the approval is given. Why now and not before. The trigger is the war in Iran, which has strained crude oil markets through of the Strait of Hormuzartery through which a relevant part of the world’s oil travels. In just weeks since the start of the conflict, gasoline has risen by 16% and diesel by 29%. At the time of writing this article, fuel prices are already €1.94/liter on average for diesel and €1.81/liter for 95 gasoline, according to data from the Ministry of Ecological Transition collected by Dieselogasolina. For this reason, the Government has ended up accelerating the response. In detail. The package goes beyond fuel. For the most exposed sectors (transport, agriculture and fishing) direct aid of 20 cents per liter is recovered, according to they count from El Diario. The electric social bonus is reinforced, supply cuts to vulnerable homes are prohibited and the thermal social bonus for gas consumers is increased. In parallel, the decree includes more structural measures: incentives for improving energy efficiency in homes, support for electric vehicles and promoting self-consumption. The SER also points out that the Government also contemplates reducing the electrical costs of the electro-intensive industry (steel, chemistry), a nod to the PNV, according to they count from The World. ANDl rocket and feather effect. Just because VAT goes down on paper does not mean that the price at the pump will go down just as fast. This is what economists know as the theory of the rocket and the pen: When oil rises, prices at gas stations react immediately; when it falls (or when tax cuts are applied), the transfer to the final consumer is much slower. Gas stations adjust prices upwards almost automatically, but the cuts take weeks or months to reach the pump with the same intensity. The Government does not want to repeat what happened in 2022. We have the most recent precedent in the bonus of those 20 cents per liter that the Executive applied during the Ukraine crisis. It cost around 4,250 million euros and its effectiveness was, to say the least, questionable. Three independent studies (one from Esade, one of Funcas and a joint investigation of economists Jiménez, Perdiguero and Cazorla-Artiles published in December 2024) concluded that a significant part of that aid did not reach consumers. Studies indicated that gas stations They appropriated at least 850 million of that bonus in the case of diesel. The Esade study detected that service stations They increased the price of diesel between 3.52 and that of gasoline at 0.7 cents just when the measure came into force. In the month of April 2022, when the discount started, gas stations increased their profit margin by 23%, according to share from Metropolitan. The CNMC, for its part, archived the investigation without sanctioning any company. This history is precisely the reason why the Government has opted this time for a direct tax reduction, which acts on the taxes included in the price, instead of repeating the universal bonus. From the Spanish Confederation of Service Station Employers (CEEES), its general director Nacho Rabadán had already asked to participate in the design of any measure and qualified the 2022 bonus as “well-intentioned, but poorly designed and worse executed.” The decree reaches the Council of Ministers this Friday, but we will have to wait until next Thursday for it to be validated in Congress. Cover image | Alberto De la Torre and Dawn McDonald In Xataka | “We felt cheated.” Even gas station owners are freaking out about the sudden, meteoric rise in oil

Gasoline has risen so much that even Mark Zuckerberg has looked for a low-cost gas station to refuel his yacht: Gibraltar

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From the start of the war of Iran, filling the car tank has become one of those little dramas everyday things that we all know well. A few euros more, a sigh of resignation, and continue. But there is another refueling scale that makes your complaints at the gas station For those 10 extra euros that it cost you to fill the tank, it almost sounds like a joke. Mark Zuckerberg, founder of Facebook and fifth greatest fortune of the world, owns the launchpada 118 meter superyacht valued at about 300 million dollars. Since the US and Israeli bombs began to fall on Iranian soilfilling your fuel tanks involves an extra cost of $278,880 with each refueling. The most curious thing is that the solution that the tycoon has found is very similar to the one that any citizen with a foot in this price escalation has probably adopted: look for a low-cost gas station. The painful tank to fill Maintaining a luxury superyacht is not cheap, which is why only millionaires can afford it. He launchpad by Mark Zuckerberg has a fuel tank of approximately 420,000 liters. To put it in context, it is the equivalent of the capacity of about 7,000 medium-sized cars at one time. The yacht is equipped with four MTU 20V 4000 M93L engines which, sailing at a cruising speed of 16 knots, consume about 982 liters per hour each. That leaves us with approximate consumption of 4,000 liters of fuel per hour. That is to say, an equivalent consumption 560 cars traveling at 120 km/h or 73 buses. To this we must add that the launchpad He does not travel alone, he does so accompanied by his support yacht, the wingman. Expenses double. The Launchpad has four motors like this According to price data monitored by the specialized portal Ship&Bunker in January 2026, the average price per ton of fuel for yachts (MGO) was $715. Data from March 2026 on this same portal suggest that its price has skyrocketed to $1,379 per ton. This means that filling the fuel tank launchpad In January, Mark Zuckerberg had to pay a bill of just over 300,300 euros, while doing so today It would cost you about 579,180 euros. An extra cost of $278,880 with each refueling in just three months. Gibraltar: low cost gasoline for yachts Faced with such an increase, Mark Zuckerberg and many other wealthy yacht-owning tycoons have done what any neighbor’s son would do in this case: look for low-cost gasoline. In this case, the closest and best located is Gibraltar. As and how they stood out in The CountryGibraltar is not only a strategic rock between the Atlantic and the Mediterranean that Philip V delivered generously to the British. For superyacht owners who frequently cross the ocean, it is the equivalent of a motorway gas station as it is located on the most optimal shipping route to cross the world by sea. For superyachts that, like the launchpad, they just made Its periodic maintenance in the exclusive shipyards of La Ciotat (France), the Strait route is the shortest to go down to the Canary Islands and, from there, head to the warm waters of the Caribbean to meet its owner in Miami. The same thing happens with the reverse route, allowing ships to refuel without deviating from the most optimal route between both continents. He launchpadwhich is more similar to a small cruise ship than a pleasure boat, stops in Gibraltar regularly on its routes between Europe and America. It is not because of the pleasure of its views, but because of the price and the refueling infrastructure for superyachts, cruise ships and large freighters that has created Gibraltar. Its special tax status allows boats over 18 meters to refuel with duty free fuel, making it a mandatory stop for these giants of the sea. It is no coincidence that he is one of the bunkering points busiest in the world, with prices that, even after the escalation following the blockade of the Strait of Hormuz, remain lower than in many ports in northern Europe or the eastern Mediterranean. In Xataka | The difficult part has not been building an 80-meter, $200 million yacht. It has been taken to the sea without destroying it Image | Feadship, Meta

The price of oil has plummeted overnight. The one at the gasoline pumps will remain the same

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Just 24 hours. That’s how long it has taken the global oil market to go from historic panic to almost euphoric relief. On Monday, a barrel of Brent – ​​the benchmark in Europe – was close to $120, its highest level since the Russian invasion of Ukraine in 2022. It seemed the prelude to an imminent recession driven by the war between the United States, Israel and Iran. However, today we woke up with crude oil plummeting, reaching below 90 dollars. And no, there is no peace treaty signed in Geneva, no withdrawal of troops, nor the reopening of maritime trade routes. Everything has depended on the president of the United States, Donald Trump, assured the chain CBS News that the war with Iran was “virtually complete” and promised reporters that the conflict would end “very soon.” And so, by the art of discursive magic, the price has begun to fall. The nonsense of a market driven by headlines. What has happened these days gives a good account of the current state of the financial markets: they operate based on immediate speculation, not on physical reality. As the analysts summarize cited by Financial Timesthis stock market reaction is known as Taco trade (acronym of Trump always chickens outor “Trump always chickens out”). Investors don’t believe the war is really over; They simply assume that Trump needs to lower the price of gasoline at all costs so as not to sink in the legislative elections. In fact, to force this price drop on the screens of Wall Streetthe White House has had to resort to desperation. Trump has even suggested that he will temporarily lift oil sanctions on some countries — including the possibility of easing the punishment for Russia itself— and even the G7 has considered releasing strategic reserves emergency. The financial market bought the headline and the price of a barrel fell. But the real world tells a very different story. Reasons to distrust the optimism of the stock market. It is logical to view this price drop with skepticism. The Brent chart can go down as much as it wants on investors’ screens, but the real logistical problem remains intact. He Center for Strategic and International Studies (CSIS) warns that the threat is real and palpable: The great logistical bottleneck: The Strait of Hormuz remains blocked. This has taken 20 million barrels a day out of circulation. The physical danger: Iranian speedboats, naval mines and drones prevent oil tankers from sailing. Collapse on land: The situation is so extreme that, since ships cannot sail, storage tanks on land have been filled to the brim, forcing wells to be closed. Furthermore, the supposed unilateral peace announced by Trump clashes head-on with Tehran’s position. According to Financial TimesIran’s Revolutionary Guard assures that its armed forces “are waiting for the US Navy.” As analyst Kurt Cobb points out in oil priceIran defines victory as the survival of its regime, so a negotiated cessation of hostilities is, today, a chimera. The “rocket and boom” effect at the pump. This is where macroeconomics collides with citizens’ pockets. It doesn’t matter if the barrel of Brent drops overnight in international markets, you won’t see that relief today at the gas station. As my colleague Alberto de la Torre explained a few days ago, in Xatakathe fuel market suffers a very particular effect: Skyrocket: When the supply chain falters, the price skyrockets quickly. Gas stations act in anticipation and raise prices to cover the future cost at which they will have to replace that fuel, regardless of the fact that the impact of the barrel of Brent is not yet real on their purchases. Drops like a feather: When the barrel drops in the stock market, the drops at the pump last for weeks or months. There is very little room for maneuver, a lot of caution in case war breaks out again, and a clear resistance to lowering prices at the same dizzying pace at which they rose. And why does diesel increase more than gasoline? The biggest loser of this crisis is the diesel customer, who in Spain has suffered increases of 20 cents per liter in just one week. Europe has a structural problem: we lost Russia as a major exporter, we have fewer operational refineries and we have a strong deficit. Furthermore, its demand is much more inelastic; The driver of a car can decide to take the subway if gasoline prices rise, but the freight transporter, the farmer or the industrial machinery must refuel with diesel, no matter what the cost. The disbelief of the industry itself. The lack of faith in this “express peace” is shared even by the oil magnates themselves. In an insightful article published in oil priceDan Doyle, businessman in the sector fracking American, confesses that the shale industry is not buying this rebound. Despite having touched $100, oil companies are not hiring more drilling platforms or starting large extraction campaigns. They know that the “fast dollars of war will dissipate” and prefer to maintain strict capital discipline. And although The Conversation remember that the United States is less vulnerable today to oil shocks because it exports millions of barrels a day, the psychological toll of seeing the scoreboard rise at the gas stations continues to damage consumer confidence globally. Missile climbs, rowing descents. Today, the world’s stock markets have closed with green numbers. Investors have bought into the optimism of a press conference in Florida, and algorithms have adjusted the price of Brent downwards. However, geography remains stubborn. Large oil tankers remain anchored without daring to cross the Strait of Hormuz, maritime insurers continue to tremble and wells in the Middle East continue to close due to lack of space. Tomorrow, when you approach the gas station in your neighborhood before going to work, the illuminated panel will remind you of the golden rule of today’s energy market: in times of geopolitical uncertainty, the downs travel in a rowboat, but the ups fly in … Read more

Science already knows what is the best “gasoline” to create new neurons: physical exercise

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We have always known that playing sports is good for the heart and also the muscles, but neuroscience is showing us that running shoes are, literally, the best tool to sculpt our brain. This is how I put it on the table the neuroscientist José Luis Trejowhich pointed out that physical exercise acts as a true “gasoline” for neurogenesis in the hippocampus adult to make us more ‘smart’ and also tend less towards depression. Neuron factory. Until a few decades ago, it was believed that you were born with a certain number of neurons and that, from there, they could only be lost. But today we know that this is completely false, since the generation of new neurons has already been demonstrated, and it occurs mainly in a region of the brain that is key to learning, memory and emotions, such as the hippocampus. The exercise. Here the different studies were focused on how this generation of neurons can be enhanced, and moderate aerobic exercise is the main switch to turn on the neuronal factory. How it works. The specific exercise and also extended over time, it raises the BDNF segregationwhich is the brain-derived neurotrophic factor, and also the VEGFwhich is vascular endothelial growth factor. Two proteins that act as ‘fertilizer’ in the brain to promote neuronal plasticity and the formation of new blood vessels to nourish all these new cells that appear in the brain. There are results. Studies done in humans themselves measured cerebral blood volume using functional magnetic resonance imaging, and here they could see that there is a real increase in the volume of the hippocampus and there are also improvements in spatial memory and cognition, which is essential from certain ages onwards. And it is no wonder, because there are studies that suggest that constant exercise increases total hippocampal volume, being a first-level strategy against cognitive declineand therefore acts as a shield against Alzheimer’s. Antidepressant. In addition to being a shield against Alzheimer’s, it can also reduce the symptoms of anxiety and depression, overcoming the effects of antidepressants in some patients. However, we must have common sense with the ‘dose’ of exercise we do. And a perpetual sedentary lifestyle is toxic, since sitting atrophies all brain capacities, but excess is destructive because extreme intensity training without rest generates a peak of stress in the body that completely cancels out the neurogenic benefits. That is, doing a lot of exercise at maximum capacity can block the creation of new neurons. It is hereditary. But if making new neurons is not enough to join the gym, science suggests that it can be transmitted to children thanks to epigenetics. In 2019, a study published in PNAS demonstrated that paternal exercise increases neurogenesis and mitochondrial activity in offspring, even if the latter are sedentary. But in 2024 went furtherseeing that these neuroplastic effects can be inherited up to two generations later. The dose. In summary, neuroscience suggests that doing 45-60 minutes a day of moderate aerobic activity can bring us great benefits over spending uninterrupted hours in the chair. Without a doubt, memory, mood and hippocampal volume will be truly grateful. Images | Chander R Bhautik Patel In Xataka | Scientists have connected 200,000 human neurons to a chip. And he made them play ‘Doom’

keep all the gasoline you produce

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The news of the week has been, without a doubt, the conflict between the United States and Israel against Iran, which has led to the Strait of Hormuz It will be practically sealed. According to a monitoring report of Morgan Stanleytraffic in the strait has plummeted by more than 95%, with only one oil tanker managing to cross on March 3. Given this scenario, the shock wave has not taken long to reach Asia, and the first major domino effect is already here. As he advanced BloombergChina’s government has ordered its largest oil refineries to immediately suspend gasoline and diesel exports. It is not a minor decision. Although the immense Chinese refining machinery produces mainly for its voracious domestic marketthe country It is the third largest fuel exporter by sea from Asia, only behind South Korea and Singapore. Suddenly withdrawing your product from the international market means, by pure law of supply and demand, less fuel available and rising prices for everyone. The execution of this measure has been as lightning-fast as it is opaque. According to industry sources cited by Reutersthere was no official public decree. Officials from the National Development and Reform Commission (NDRC) — the country’s top economic planning body — met with executives from state-owned giants such as PetroChina, Sinopec, CNOOC and Sinochem, as well as private refiner Zhejiang Petrochemical. The demand was verbal and clear: immediately suspend shipments, stop signing new contracts and negotiate the cancellation of those already agreed upon. In fact, Chinese diplomacy has played the distraction. A spokesperson for the Ministry of Foreign Affairs denied having knowledge of this suspension when asked at a press conference. as reported Euractiv. However, there is small print in this export blackout. According to Business Standardrefueling of aviation fuel (kerosene) for international flights will be maintained, marine fuel stored in customs warehouses is exempt, and vital supplies to the Hong Kong and Macau regions will not be affected. As for deadlines, the international market will feel the real blow starting in April. As pointed out LiveMintmost March exports (estimated at a combined 3.8 million tons) were already closed and shipments are difficult to remove at the last minute. The reason for this drastic measure? Pure national survival. Although China has been trying to diversify for years, 57% of its direct imports of crude oil by sea come from the Middle East, according to the analysis firm Kpler. If the Persian Gulf tap is closed, Beijing prioritizes ensuring that its internal tanks do not empty. Asia in panic and runaway prices The consequences of China’s move are already shaking the global economy, hitting its neighbors first. Financial Times details how the great Asian technological powers They are activating emergency protocols. Taiwan, South Korea and Japan – highly dependent on Middle Eastern crude – are desperately seeking to secure alternative routes and coordinate mutual supplies due to fear of being left in the dark. In financial markets, panic translates into money. With less Chinese fuel available, refining margins in Asia have hit three-year highs. According to LSEG pricing data collected by APA Newsthe diesel margin has touched $49 per barrel, while that of aviation fuel (jet fuel) has shot up above $55. Paradoxically, Beijing’s order has also heated up its domestic market. Chinese wholesalers, anticipating shortages, have started hoarding product. Business Standard explains that the price of diesel wholesale jumped 13.5% and 92 octane gasoline jumped 11% in just one week. In this troubled river, independent refiners (known as “teapots” in Shandong province) are taking advantage to squeeze margins. “We are busy raising prices, hoping to maximize our profits,” one trader told the financial publication. Even so, the physical lack of raw materials is undeniable. At least two large plants—Zhejiang Petrochemical and the Sinopec refinery in Fujian—already have begun to reduce their volume processing this month. Beijing’s masterstroke To understand China’s position of strength today, we must look to the recent past. As we analyze in Xatakathe Asian giant is not improvising. In 2025, while the world feared an oversupply, Beijing spent $10 billion buying heavily sanctioned and cheap oil (Russian, Venezuelan and Iranian) that it did not immediately need. Thanks to this, its Strategic Petroleum Reserves (SPR) are estimated between 1,100 and 1,400 million barrels, enough to cover about 140 days of internal demand. Furthermore, the closure of Hormuz will force a new geopolitical realignment. According to Financial TimesXi Jinping’s government will rely even more on Vladimir Putin’s Russia. There are already increases in shipments of Russian crude oil, and Beijing plans to revive refineries in the northeast (such as Dalian) to process it, in addition to accelerating the construction of the gas pipeline. Siberia power 2. On the other hand, the real Chinese insurance policy is not fossil, but renewable. As analyzed by Professor Hussein Dia in The Conversationthe country’s massive commitment to electric vehicles (which accounted for 50% of new car sales last year) and solar energy is, at its core, a national security strategy. Meanwhile, in the rest of the world, physical collapse is a reality. The increase in logistics costs is wild. The charter of a supertanker on the route to China has risen 600%touching $200,000 a day, and insurers have raised war risk premiums by up to 50%. And the problem with ships not sailing is that oil accumulates at source. Iraq has already been forced to cut its production by 1.2 million barrels a day simply because its inventories have reached a critical level and it has nowhere to store the crude. In this context, OPEC+’s promises to inject 206,000 additional barrels per day are, as the expert John Kemp describes in the Financial Timesa mirage: that excess capacity is within the Persian Gulf; If the ships do not leave, that oil does not exist for the rest of the planet. While the West hyperventilates at the possibility of a barrel at 100 dollars and looks into the atavistic terror of reliving the inflationary crisis of 1973reality shows that interdependence … Read more

the theory that explains why the rise in gasoline is here to stay

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Gasoline skyrockets. It is the consequence of the attacks on Iran and the country’s responses to the United States and Israel. In an enclave very exposed to any type of crisis, the Strait of Hormuz, oil transit is suffering harsh consequences. China already warns that it will not export its fuel. And, meanwhile, gasoline is rising at a dizzying pace. 20 cents. Tomorrow, Saturday, March 7, marks one week since the United States and Israel attacked Iran. Since then, hostilities in the Middle East have continued, with a response from Iran in which its neighboring countries and even the European Union have been involved. It was February 28 and gasoline was moving below 1.50 euros/liter on average. When we write these lines, March 6, the portal dieselgasolina.com which monitors the price of Spanish service stations offers a very different image: So far this month, prices have skyrocketed: Gasoline 95: from 1,495 euros/liter to 1,608 euros/liter. +11 cents/liter Gasoline 98: from 1,687 euros/liter to 1,766 euros/liter. +8 cents/liter Diesel A: from 1,447 euros/liter to 1,643 euros/liter. +20 cents/liter Diesel A+: from 1,549 euros/liter to 1,734 euros/liter. +19 cents/liter A week. Barely a week has been enough for the price of gasoline and diesel to skyrocket and, above all… there is no prospect of their ceiling. And the oil companies and service stations are already beginning to notify the Government that they are not willing to support a new gasoline subsidy, as would happen in 2022. This means that the prospects are not at all promising and the truth is that if we look at the progress of the conflict, everything indicates that we can expect the worst. Right now: Sign of the increase in price in a few days like a rocket. What we are witnessing, again, is the theory of the rocket and the pen. When the supply chain falters, the price of gasoline skyrockets. However, its descent lasts for weeks or months, reproducing the effect of a feather. And, as soon as the last war in the Middle East began, gas stations have already started raising prices. It doesn’t matter that the impact of a rise in the barrel of Brent is not immediate on the prices at which they buy oil, the truth is that there are gas stations where prices have increased by more than 10% in the first days of the conflict, as you can see in the image above. The diesel. Although the price of gasoline is rising, without a doubt the biggest loser is the diesel customer. Spain continues to be a country whose automobile fleet is made up mostly for this type of fuel and seeing an increase of 20 cents/liter, on average, in just one week is hard. Its price is already higher than gasoline. What was once a historical raritytoday it has become a certain normality. As we already observed during the Russian invasion of Ukraine and the war in this territory, diesel became more expensive because Russia was a big exporter of the same and European refineries had been reduced. That is to say, we had less fuel available on the market and for what there was we had two options: buy it at a high price or wait for the European funnel to ease. And the room for maneuver is small. But, in addition, since the War in Ukraine the State has been applying some measures that reduce the room for maneuver to try to patch the situation. Public transport is now much cheaper that then and gas stations and oil companies have already raised the hatchet against possible subsidies. A tax cut seems complicated. The State would be shooting itself in the foot, reducing revenue that also goes up when fuel prices rise. AND The European Union has been pressing for years so that diesel bonuses are eliminated and, therefore, taxes are equal to gasoline. Photo | Hamza Şamil Yavuz In Xataka | Europe has been demanding that Spain increase diesel prices for five years. And Spain is playing at being Spain

Gasoline prices are rising so much that a new subsidy is in the air. And her employers already reject her

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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

The closure of the Strait of Hormuz already points to gasoline at two euros/liter

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Unpredictable, unexpected and extreme impact. There are three characteristics that define what Nassim TalebLebanese philosopher, mathematician and essayist, pointed out to explain the “black swan theory”. With it he tries to explain what position to take in the face of such an inexplicable event of which we cannot understand its consequences. The theory takes its cue from the poet Juvenal, who once spoke of “a rare bird on earth, and very similar to a black swan“, a phrase that makes it clear that there was a time when it was believed that the swan, invariably, must be white because a black one had never been discovered. The phrase, in fact, was popular in England centuries ago. For Western Europe, swans were white. Spot. But a Dutch expedition at the end of the 17th century in Australia found that the black swan did indeed exist, which forever changed the knowledge we had on this subject. It was an unexpected, unpredictable event whose impact was extreme in its branch. Nacho Rabadán, general director of CEEES (Spanish Confederation of Service Station Employers), the most representative association of the sector, rescues this theory to point out what can happen with a constant block of the Strait of Hormuz. “Whenever there are problems in the Middle East, there is speculation about a possible closure of the Strait of Hormuz and whenever that possibility is on the table, the price of oil rises. If Hormuz were really closed, we would be talking about a black swan, there would be an immediate and violent reaction in the price of oil and we would be in a scenario similar to that of the spring of 2022 with the invasion of Ukraine,” Rabadán explains to ABC. Gasoline at two euros/liter If the prices of the first days of the conflict between Russia and Ukraine are reached, we would be talking about gasoline at a sustained price of between 1.80 and 2.00 euros/liter. At that time, Europe got to work to contain the impact on homes, mitigated in our country with one of subsidy of 20 cents/liter that did not end up stopping the rise in price and which, in fact, came to be used as means to attract clients according to the CNMC. Those days when OPEC maneuvered to keep the price of oil above $80/barrel seems far away. It even reached $130/barrel. But now they seem more alive than ever. The Strait of Hormuz is a key passage for energy for much of the world. It is an enclave of high tension, where the Gulf of Oman and the Persian Gulf narrow to leave just a passage of between 60 and 100 kilometers for ships loaded with oil. For Iran, Oman, Saudi Arabia, the United Arab Emirates and Kuwait, controlling the passage of ships is key. since two weeksthe traffic is committed and with the attack by the United States and Israel on Iranand the country’s response to neighboring countries with US bases, the closure seems confirmed. A closure that has caught some 240 ships stopped in the middle of a historic traffic jam. Of them, Bloomberg The number of detained ships loaded with the precious commodity is estimated at 40 supertankers. The impact on the oil futures market was immediate once the attack became known but, for now, the price per barrel is close to 73 euros/unit (a few days ago it was around 65 dollars/barrel). The impact should be felt in the coming days if the fight becomes entrenched and Hormuz remains closed. For now, the price of gasoline has already risen slightly but the figures we find at the pumps will be, in the opinion of analystsmuch lower than we can expect in a few days. With the Ukrainian War and the Russia’s exit from the market (legal) of fuel, the price of gasoline shot up to 2.15 euros/liter and diesel to 2.10 euros/liter. The fear, of course, is not that only the price of fuel will skyrocket. Increasing its price impacts a general rise in prices since transportation is much more expensive. In fact, indirectly, not only the closure of Hormuz to the passage of oil can make products more expensive. Have to border the entire African coast to reach Europe to avoid attacks by some and others would raise the final bill. Both because of the extra fuel spent and the higher cost of keeping a ship traveling for more than 10 days, which extends the route in traffic between Asia and Europe. Photo | Marek Studzinski and Glenn Fawcett, Gieling, Rob In Xataka | Spain was supposed to raise diesel in 2026. It was supposed

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