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IEA Numbers Point to a Two-Speed Recovery in Global Fuel Prices
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Oilprice.com
Germany's diesel and gasoline prices each jumped more than 10% in a single month after Berlin's temporary fuel-tax discount expired June 30.
IEA data show average diesel prices across tracked economies are still about 14% above pre-war levels, even after crude retreated from its spring peak near $120 a barrel.
Five months after the U.S. and Israel opened a war with Iran, global fuel markets still haven't settled down, and the latest IEA data prove it.
In the U.S., the IEA figures put diesel at roughly $4.96 a gallon in July and gasoline at $3.93, both still well above year-ago levels of $3.78 and $3.12.
Whether those numbers come down further depends less on OPEC+ output than on what happens next in the Gulf.