Local Energy News

Protests over fuel prices continue to spread across Europe, as the fishing industries in Spain, Italy and Portugal have joined France’s fishermen – now three weeks into protests of their own. Truckers and taxicab drivers are also striking in many parts of Europe.

Gasoline and diesel prices are now around one and a half euro per liter – the equivalent of about 8 and a half U.S. dollars per gallon. And that’s with oil prices at $127 dollars per barrel. Goldman Sachs and other analysts are warning that oil could reach $200 dollars per barrel in the next 6 to 24 months.