The lowest gasoline price in four years – can sink more

In 2022, the gasoline sometimes cost over SEK 24 a liter, today the price is just over SEK 15.

A race for the world market price of crude oil- down almost 20 percent this year- and a dollar that has fallen hard against the crown in the wake of President Donald Trump’s customs and geopolitics explains the decline in recent times.

Leading fuel chains Now-at the beginning of May-takes about SEK 15.40 per liter for 95-octane gasoline. This means that it costs a little over SEK 920 to fill a 60-liter tank with gasoline.

At unmanned sandwiches and at low -price chains, prices may be even lower.

A year ago, it went on just over SEK 1,100 to fill the same tank. And if you go back to the historical price peaks in 2022, it cost at most about SEK 1,450.

Much points to That the oil price can fall back further when world trade starts under the week, according to Christian Kopfer, raw material analyst at Handelsbanken.

Over the weekend, the oil cartel Opec – with Saudi Arabia at the forefront – decided with large oil countries like Russia to continue to increase production in June with 411,000 barrels per day. This comes after an earlier decision on an equal increase in production in May.

– An oil war, says Kopfer.

Outwardly, the explanation is that production is increased because a lower world market price punishes smaller oil countries such as Iraq and Kazakhstan. They are accused of having traveled on Russia’s and Saudi Arabia’s production draws.

But Kopfer believes The fact that what runs Russia and Saudi Arabia is the « oil war » that is going on in the silent. Moscow and Riyad simply want to make parts of oil production in the United States unprofitable – since it lifted to record levels.

« The really big threat to the Saudis and Russians is American oil production, » he says.

– But there is not much downside left for the gasoline price in Sweden. Although the oil price would go to zero, the theoretical zero point for the gasoline is around SEK 11 per liter, he adds.

Exactly where the bottom goes for the gasoline price is determined by the dollar exchange rate. But that it cannot sink much more than that is explained by taxes, fees and the profit margins required to get refineries, transport companies and sandwiches to deliver, according to Kopfer.