Extreme volatility in personal transport fuel and lubricant prices: in September 2021, Luxembourg had the highest annual rate of change (+31%) closely followed by Romania (+29%) and Slovenia (+29%). The lowest annual inflation rates were in Ireland (+15%), Italy, Finland and Greece (all +18%)

4 comments

  2. Over the last two decades, prices of fuel and lubricants for personal transport in the EU have been extremely volatile, with annual inflation rates ranging from -20% to +20%.

    This volatility has recently become very pronounced, with the annual rate of change climbing from a low of -20% in May 2020 to +23% in September 2021.

    The most recent peak and valley of similar magnitude were recorded a decade ago, with the annual rate of change climbing from a low of -19% in July 2009 to a peak of +20% in March 2010.

  3. Plus we are already paying 2-3x the US prices… and yet, it’s still way more affordable to live with high fuel prices, because we have public transportation options, healthcare coverage, tax-subsidized tertiary education, and a far more progressive general safety net when it’s needed.

  4. This is not really news, oil always has been volatile. Oil crisis happen now and then.

    Alternative forms of energy should be more reliable and stable.

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