The price of oil continues to fall

The price of oil continues to fall

Prices at the pump are also falling. A team from France 3 takes stock.

The price of oil continues to fall

In August, fuel prices continue to fall. Now in France, diesel is on average at 1.14 euros and unleaded 95 at 1.40 euros. But this decline, motorists have not yet really noticed. “It’s almost the same price for a year”, confides one of them at the microphone of France 3.

The decline should increase further

However, the price of a barrel of oil has plummeted since last year: 100 dollars in July 2014, 50 dollars today. This drop can be explained by the fact that for the past few months, world production has been increasing faster than demand for fuel. A production that could increase in 2016 with the lifting of sanctions against Iran. Good news for motorists, but bad news for producers like Venezuela and Algeria.