More than 2 euros for reinforced unleaded in Attica

He got over it the 2 euros its price per liter fortified unleaded petrol in the Attica basin, he told Parapolitika 90.1 the President of Attica Fuel Dealers – Nikos Papageorgiou.

Mr. Papageorgiou emphasized that the differences from station to station are even 17 cents per liter and added that in the region – due to transport costs – the price is over 2.10, maybe even 2.20 euros per liter.

And all this in an extremely fragile geopolitical setting. After all, if the strained relations between Israel and Iran develop into an open conflict, then the price of Brent crude oil on the London Stock Exchange and US crude oil in New York may jump to $150 from the current $90.

This assessment was also heard last September, when Hamas attacked Israel. It was not verified, as then the price of brent went up to 95 dollars a barrel to finally balance at 90 dollars in the last weeks. However, according to well-informed sources, the global market and governments are holding their breath.

In fact, they believe that this time the situation is worse than last September, where Iran was not directly involved. Now the situation is different and everyone knows that the only “nuclear” weapon it possesses – and which is considered certain to be used by the mullahs – is the blockade of the Straits of Hormuz. This means that the planet will be deprived of fuel corresponding to 38% of global consumption.

This will mean a sharp jump in the price of oil, even to $150 as estimated by international houses, with all that entails. It is noted that in the past once again (June 2008) oil reached 143 dollars per barrel. At that time, the price of gasoline shot up from 0.90 euros per liter to 1.2-1.3 euros per liter, i.e. up to 45% within a few weeks.

Horror scenarios for gasoline at 2.8 euros per liter

The equivalent today with the excessive taxation that has been imposed, would be for gasoline to reach 2.8 euros per liter. Fortunately, however, in 2008 the price of oil was not kept at these levels for long, as China’s strong growth during that period limited the looming recession in the West, which had manifested itself with the subrimes crisis and the collapse of American banks. By the end of the year the price of Brent had even fallen below $50 a barrel.