Trends in Fuel Prices: Gasoline and Ethanol Decrease, Diesel Shows Slight Increase

Written by Corporativo

Published on 06/11/2023 at 17:03

Foto: https://ac24horas.com/

Be the first to react!

October Reveals Variations in Fuel Prices in Brazil

October was a month of mixed signals for fuel prices in the Brazilian market. The numbers show a reduction in the cost of gasoline by 1% and ethanol by almost 1%, contrasting with a slight increase of 0.22% in the price of diesel. This divergent trend came in the wake of adjustments made by Petrobras, and indicators suggest that fossil fuels may maintain this behavior in the following weeks. Meanwhile, ethanol, a more sustainable fuel, proved to be more economical in 15 states across the country.

Gasoline Price Reduction

The average price of gasoline saw a significant drop in October, with the liter being sold at R$ 5.946, further decreasing to R$ 5.881 in the last week of the month. This data is the result of a survey by ValeCard, which analyzed prices at over 25,000 gas stations across the national territory.

Brendon Rodrigues, an innovation specialist at ValeCard, highlights the volatility of the market: “After a small increase at the beginning of October, we witnessed four consecutive drops, culminating in a monthly reduction of 1% in the price of gasoline. The outlook for November is uncertain due to geopolitical tensions that may affect oil prices and, in turn, lead Petrobras to make further adjustments.”

ARTICLE CONTINUES BELOW

Ethanol: Price Drop in October

Ethanol followed gasoline in the downward price trend in October, marking an average reduction of 0.97% for the month. The average price of the renewable fuel reached R$ 3.776, falling further to R$ 3.698 in the last week of October.

This price behavior of ethanol is explained by the increase in sugarcane production and, consequently, ethanol itself, according to Rodrigues. “The abundant harvest drove the price drop, even with the slowdown in crushing due to rainfall.”

Ethanol production in the first half of October grew 17.64% compared to the previous year, with hydrated ethanol reaching 1.04 billion liters, a significant increase that reflects in consumers’ pockets.

Ethanol Shows Advantage in 15 States

The choice between gasoline and ethanol is a financial equation for many flex-fuel vehicle drivers. With the price of ethanol being advantageous in 15 states, the scales tend to tip in favor of the renewable fuel. According to ValeCard, for ethanol to be the more economical choice, it must cost up to 70% of the gasoline price, a condition met in several states during the analyzed period.

In summary, the price dance of fuels continues to be a central piece in the economy and decision-making of Brazilian drivers. Keeping track of these trends becomes essential to understanding the fuel market and making more conscious and economical choices.

Source: Gustavo Magaldi.

Trends in Fuel Prices: Gasoline and Ethanol Decrease, Diesel Shows Slight Increase

October Reveals Variations in Fuel Prices in Brazil

Gasoline Price Reduction

Ethanol: Price Drop in October

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

While millions receive Bolsa Família, thousands of Chinese arrive to work in Brazil, exposing the uncomfortable debate about qualification, productivity, employment, and dependence on public money.

Philippines begin construction of the country’s largest desalination plant in a city without enough fresh water to grow, and the 66,500 m³ per day plant will transform the sea into drinking water for 50,000 homes in 24 months with reverse osmosis technology from SUEZ and JEMCO.

The first ammonia-powered cargo ship has already been realized with a capacity of 46,000 m³, dual-fuel engine, and a promise to cut carbon in heavy maritime transport.

How freelancers can organize their finances

China modernizes the oldest metro line in Mexico City, taking on the renovation of 18.83 km, 20 stations, new trains, signaling, and maintenance for 19 years in one of the most crowded systems in Latin America.

Trends in Fuel Prices: Gasoline and Ethanol Decrease, Diesel Shows Slight Increase

October Reveals Variations in Fuel Prices in Brazil

Gasoline Price Reduction

Ethanol: Price Drop in October

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

While millions receive Bolsa Família, thousands of Chinese arrive to work in Brazil, exposing the uncomfortable debate about qualification, productivity, employment, and dependence on public money.

How freelancers can organize their finances

Owner of Brastemp bets on Brazil after closing factory in Argentina and moves new production stage to Rio Claro, where an investment of R$ 300 million is expected to create 200 direct jobs and up to 2,800 direct and indirect jobs in the local supply chain.

Havan statue travels over 500 km from Santa Catarina to Rio Grande do Sul to crown a megastore worth R$ 90 million, with 10,000 m² and 200 jobs before the inauguration in Garibaldi

While Brazil sits on the pre-salt and still imports diesel, Turkey, which produces almost no oil, crossed half the world to drill 7,500 meters below the sea in Somalia in search of its own fuel.

While millions receive Bolsa Família, thousands of Chinese arrive to work in Brazil, exposing the uncomfortable debate about qualification, productivity, employment, and dependence on public money.

Philippines begin construction of the country’s largest desalination plant in a city without enough fresh water to grow, and the 66,500 m³ per day plant will transform the sea into drinking water for 50,000 homes in 24 months with reverse osmosis technology from SUEZ and JEMCO.

The first ammonia-powered cargo ship has already been realized with a capacity of 46,000 m³, dual-fuel engine, and a promise to cut carbon in heavy maritime transport.

How freelancers can organize their finances

China modernizes the oldest metro line in Mexico City, taking on the renovation of 18.83 km, 20 stations, new trains, signaling, and maintenance for 19 years in one of the most crowded systems in Latin America.