The start of the All Saints' Day bridge in Spain has triggered significant travel movements across the country's roads, raising questions about current fuel costs. While such periods typically see price surges for diesel and gasoline, the market is currently navigating a complex scenario characterized by weeks of elevated prices that are now attempting to stabilize at high levels. This situation remains heavily influenced by extreme global volatility stemming from ongoing geopolitical conflicts, causing constant fluctuations in local pump prices and urging drivers to check rates before long journeys.
Regarding specific fuel types for October 30, Unleaded 95 gasoline offers a slight respite, dropping by 0.3 cents to reach an average of €1.731 per liter. In contrast, Unleaded 98 remains stable at €1.904 per liter with negligible variation. Diesel prices show a different trend; Gasóleo A has seen a marginal increase of 0.2 cents, settling at €1.900 per liter. Similarly, the premium Gasóleo A+ follows an upward trajectory, fixing its average at €1.993 per liter, also up by 0.2 cents from the previous day. Autogas/LPG prices remain unchanged at €1.100 per liter.
These average figures apply to the Iberian Peninsula and the Balearic Islands, though actual costs vary significantly between service stations, with differences exceeding 15 cents per liter depending on the location. A substantial portion of the final price consists of taxes, amounting to €0.472 per liter for gasoline and €0.379 per liter for diesel. However, drivers benefit from a reduced VAT rate of 10%, an extraordinary fiscal measure designed to mitigate the impact of volatility caused by the war in Iran.
The dynamics at the pumps are closely tied to the international Brent crude barrel, which is trading higher today around $112.02. With the euro exchanging at $0.8960, this geopolitical context continues to directly influence fuel prices in Spanish gas stations.
Sources: Motorpasión.