Gasoline and diesel prices rise by almost 2% for the first Operation Exit

The start of the first major Operation Exit of the summer, scheduled for Friday, July 4, and Sunday, July 6, with six million road trips, comes with bad news for drivers: gasoline and diesel prices have soared by almost 2% at the start of July.

Even with recent increases, Spain continues to have gasoline and diesel prices below the European Union and Eurozone averages, which comes as a small relief to the millions of Spaniards preparing to embark on their summer road trips.

According to the latest data from the EU Oil Bulletin, the average price per liter of diesel has seen its third consecutive increase, rising 1.78% to €1.425, its highest level since mid-April. Meanwhile, gasoline prices increased by 0.8%, surpassing €1.50 per liter, a figure not seen since April.

This surge in fuel prices follows a rise in crude oil prices above $70 per barrel two weeks ago, driven by tensions in the Middle East. Although this week the price of a barrel of Brent crude oil eased to $68, the impact on the pumps has persisted.

Despite these recent increases, which have now reached three consecutive weeks, the annual balance remains positive for consumers. So far in 2025, the price of gasoline has fallen by 1.3%, while diesel has fallen by 1%. This means that filling an average 55-liter tank is currently cheaper than it was a year ago. For a diesel vehicle, the cost is approximately €78.30 (€3.50 less than in 2024), and for a gasoline vehicle, it is approximately €82.50 (almost €7 less than last year).

Furthermore, the current prices of both fuels remain significantly below their pre-Russian invasion of Ukraine levels (February 2022) and far from the all-time highs recorded in July 2022. Diesel, which has now been below the price of gasoline for 122 weeks, consolidates the usual pre-conflict trend.

It's worth remembering that fuel price formation is complex and depends on multiple factors, such as the specific price on international markets, the trend in crude oil prices, taxes, logistics costs, and distributors' gross margins. The impact of oil prices on the final price of fuel is not instantaneous, but occurs over time.