The price of gasoline is at its lowest since May of this year

[NETTAVISEN:] Prices for gasoline and diesel dropped steadily in November. On Tuesday, 27 November, the guide price of 95 was unleaded in the Circle K service station chain, at 16.27 Swedish crowns per liter.

Many reasons

That we can take advantage of the fact that it is cheaper than long to fill the tank, has more than one explanation:

"There are several reasons why the cost of gasoline has dropped significantly, including falling oil prices, but also on the supply side and demand side. more than the cost of gasoline decreases when the driving season in America is over, writes communications director, Knut Hansen, in Circle K at Nettavisen.

Not since May 11, 2018, the price of gasoline has been so low. Then you get gasoline for NOK 16.22 per liter.

The lowest diesel price in a long time

This is not just the price of gasoline that is low. On Tuesday, 27 November, the price of diesel is NOK 16.06 per liter. There has been a decline of 44 øre / liter since the beginning of November.

"The reason why diesel prices do not go down as much and the price of diesel fuel is now fully included in the price of gasoline is the cost of biodiesel that has increased dramatically in recent months" , writes Hansen.

Norway imposes a turnover on biofuels for road transport. This requirement means that those who sell fuel must ensure that 10% of the fuel we convert is biofuel.

The winter quality of biofuels is also in place, which helps to increase costs. It is more expensive to buy than in spring, summer and early fall.