Largest Fuel Crisis in History: Europe's Most Expensive Fuel Pumps
34 Articles
34 Articles
CHRONIQUE. Total's strategy of capping its prices pushes motorists to fall back on competitors who practice prices up to 35% higher. A manipulation of the market that benefits unforced playersContrary to the high prices of fuels, there are the good, bad and illusory means to try to lower them.Our French neighbours thought they had found a parade when Total decided to cap its prices at the pump. A priori, this measure has had remarkable perverse …
Since the great era of the incandescent roundabouts at the end of 2018, the prices of certain essential products, as shown by the calculations of Marianne, have gone away. French people pay 40% more for their food, 50% for their gasoline, 88% for their gas heating.
Just over 10% of stations in metropolitan France are currently experiencing difficulties in supplying at least one fuel.
Is the fuel crisis causing the bankruptcy of independent gas stations? There are about 3,800 in Hexagon. Despite the price boom, their margin is still low. They are deserted in favour of stations that can afford to offer cheaper blocked rates. Their future is very uncertain. They can only rely on a few loyal customers very attached to these proximity services. To survive, some are forced to diversify. (Conso and trends).
Figure declines from Monday's 15% as government says strategic reserves remain full
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