Increasingly lower fuel bills. Before us further reductions in fuel prices at the pump – Onet.pl

The average level of fuel prices at the pump on 13-08-2015:

unleaded 95 – 4.91 zł (-3 g / l)

unleaded 98 – 5,19 zł (-4 g / l)

diesel – 4,51 zł (-3) g / l)

LPG – 1,94 zł (-1 g / l).

It looks good pespektywa the second half of August. The increase at the pump should not worry. While at wholesale diesel prices stabilize, and in the case of petrol scale declines may slow down, that’s for stations reductions should be continued in the following days. We expect adjustments in retail prices of gasoline and diesel down during the rest of the holiday at least 8 – 12 cents per liter, LPG prices may fall during this time about 2-4 cents per liter.

The current level of fuel prices in the domestic refineries:

The level of wholesale fuel prices (net) per day 14-08-2015 Orlen Eurosuper 95 – 3712 PLN / 1000l (a decrease of 108 PLN / 1000 liters compared to the prices of 7-08 -2015), Superplus 98 – 3925 PLN / 1000l (a decrease of 91 PLN / 1000l), diesel 3429 PLN / 1000 l (an increase of 7 PLN / 1000l), diesel heater 2134 PLN / 1000 l (a decrease of 3 PLN / 1000l).

The level of wholesale fuel prices (net) as at 14-08-2015 in the Lotus: Eurosuper 95 -3711 PLN / 1000l (a decrease of 109 PLN / 1000 liters compared to the prices of 7-08-2015), Superplus 98 – 3924 PLN / 1000l (a decrease of 93 PLN / 1000 l), diesel 3433 PLN / 1000 l (an increase of 8 PLN / 1000l), diesel oil for heating purposes in 2133 PLN / 1000 l (a decrease of 5 PLN / 1000l).

WTI crude oil prices in New York have established in the past week of the new year’s lows at around 41 USD / bbl. Brent crude consolidated in the region of USD 48-50 / bbl. Currently on the market more often speculated that prices may fall into the wells from January 2009, or $ 33 / bbl for WTI and $ 36 / bbl for Brent.

Of course, the main reason for decline in oil prices, especially WTI was surprising move between Chinese authorities and the decision to devalue the yuan, which has been interpreted by the market as a harbinger of raw materials major problems of China’s economy, the largest in the world a net importer of crude oil and finished products. On the other hand, OPEC, American Energy Information Administration and the International Energy Agency appear to be more optimistic look at this region of the world. The IEA revised upwards by 0.2 million bbl / d to 1.6 million bbl / d forecast growth in world oil consumption this year. Next year, the agency also expects higher by 0.5 million bbl / d of oil demand from OPEC countries. It is true that in June, crude oil inventories in OECD countries reached a record level of 2.92 million bbl / d in July, however, global oil supply fell 0.6 million bbl / d. US Energy Information Administration expects a further decline in oil production in the United States. While this year’s average level is estimated at 9.4 million bbl / d in the future it has to fall to 9 million bbl / d, which means a significant downward revision to the latest forecasts.

On the one hand, everything seems to indicate that the oversupply in the oil market to continue for a few or even several months, the second price level is low at negatively affects the growth of oil production in countries outside OPEC and positively to accelerate the pace of consumption growth.