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Spanish Pump Prices Hit Two-Month High on Middle East Tensions

Escalating Israel-Iran tensions drove crude oil above $70 a barrel, lifting pump prices despite staying below last year's figures as well as the EU average.

Los carburantes se encarecen un 2,6% y marcan su nivel más alto desde abril, pero aún cuestan menos que en 2024
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Overview

  • Diesel prices jumped 2.63% this week to €1.40 per liter while gasoline rose 1.7% to €1.488.
  • Pump prices have reached their highest point since mid-April after two months of decline.
  • Filling a 55-liter tank of diesel now costs around €77, three euros less than in June 2024, and about €81.84 for gasoline, seven euros below last year's level.
  • Spain's petrol and diesel prices remain lower than the EU averages of €1.646 for gasoline and €1.556 for diesel.
  • Brent crude briefly topped $70 a barrel during the Israel-Iran tensions before easing to about $66, and diesel has stayed below gasoline prices for 121 consecutive weeks.