Gasoline prices have risen sharply, and for now the pace of this increase is not slowing down. According to ICE data, against the backdrop of the US and Israel’s military operation against Iran, gasoline prices in Europe increased by 20 percent at the opening of trading on Monday.
This situation has caused serious concern in the global energy market. Because during periods of escalating military tension, any risk related to oil and fuel is immediately reflected in prices. The jump observed in the European market is not just a number — it signals that gasoline may become even more expensive in the coming days.
The situation is further aggravated by the fact that the world’s largest oil refinery in Saudi Arabia — Aramco — was closed after a drone attack. Following this incident, concern in the market increased even more, and further price growth is expected.
According to experts, the temporary shutdown of major production capacities puts pressure on fuel supplies. This may lead to further increases not only in oil prices but also in gasoline prices.
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