Current petrol news
Here are some current petrol news updates:
Global Petrol Prices
- As of March 2023, the global average petrol price is around $2.35 per liter, according to the International Energy Agency (IEA).
- The highest petrol prices are in Europe, where the average price is around $2.65 per liter, while the lowest prices are in Asia, where the average price is around $1.85 per liter.
Petrol Price Hikes
- In the United States, petrol prices have been rising due to a combination of factors, including increased demand, supply chain disruptions, and the ongoing COVID-19 pandemic. As of March 2023, the average petrol price in the US is around $2.75 per gallon.
- In the UK, petrol prices have also been rising, with the average price reaching a record high of around £1.35 per liter (around $1.75 per liter) in March 2023.
- In Australia, petrol prices have been rising due to a combination of factors, including increased demand, supply chain disruptions, and the ongoing COVID-19 pandemic. As of March 2023, the average petrol price in Australia is around $1.45 per liter.
Electric Vehicle (EV) Adoption
- The adoption of electric vehicles (EVs) is accelerating globally, with many countries setting targets to phase out internal combustion engines in the coming decades.
- In the US, EV sales have been growing rapidly, with over 2 million EVs on the road as of 2022.
- In Europe, EV sales have also been growing rapidly, with many countries setting targets to phase out internal combustion engines by 2035 or earlier.
Petrol Production and Supply
- The global petrol production has been impacted by the COVID-19 pandemic, with many countries experiencing supply chain disruptions and reduced production levels.
- In the US, petrol production has been declining due to a combination of factors, including reduced demand, supply chain disruptions, and the ongoing COVID-19 pandemic.
- In Saudi Arabia, the world's largest oil producer, petrol production has been impacted by the COVID-19 pandemic, with production levels declining by around 1 million barrels per day (mb/d) in 2020.
Petrol Demand and Consumption
- Global petrol demand has been impacted by the COVID-19 pandemic, with many countries experiencing reduced demand and consumption levels.
- In the US, petrol demand has been declining due to a combination of factors, including reduced travel, increased remote work, and the ongoing COVID-19 pandemic.
- In China, the world's largest petrol consumer, petrol demand has been impacted by the COVID-19 pandemic, with demand levels declining by around 10% in 2020.
These are just a few of the current petrol news updates. If you're looking for more information, I can try to provide you with some additional resources or updates.