Monday, September 25, 2023

The difference between the expensive and the cheapest gas station

Las Palmas and Santa Cruz de Tenerife are the provinces with the greatest differences between their cheapest and most expensive gas stations, according to the National Association of Automatic Service Stations (Aesae), after comparing the highest and lowest prices offered by gas stations in each province.

When it comes to petrol, the difference in Las Palmas is 48 cents, while in Tenerife it is 46 cents. For a 60-liter tank, this means a saving of almost 28 euros, or 27 euros per tank.

According to the ministry’s current data update, the most expensive 95 gasoline in the entire Canary Islands is in Morro Jable, Fuerteventura, at 1,606 euros per liter. It is cheapest in Ingenio, Gran Canaria, at 1,115 euros per liter.

In contrast to diesel, the positions vary. Tenerife is the country with the biggest difference at 46 cents, compared to 43 cents for Las Palmas. The savings for a 60-liter tank are 27 or 25 euros.

The analysis was carried out on the basis of prices published in the gas station geoportal of the Ministry of Ecological Transition and the Demographic Challenge.

Prices on the peninsula

Nationwide, choosing the cheapest gas station to refuel in the first weeks of September can lead to savings of up to 24 euros per 60-liter tank.

The savings vary depending on the areas analyzed; since Málaga is the province of the peninsula where the difference between the most expensive and the cheapest gas station is the largest, with a difference of 39 cents, a saving for a 60-liter station of gasoline corresponds to 23.40 euros.

When it comes to diesel, however, Madrid has the biggest difference at 41 cents, which corresponds to a saving per tank of 24.6 euros.

When it comes to gasoline, after Malaga, there are Barcelona, Castellón (38 cents), and Alicante (37 cents) as provinces that show a larger difference. This corresponds to a saving of 22 euros per deposit.

When it comes to diesel, after Madrid, there are Valencia and Badajoz, with a difference of 39 and 38 cents, respectively.

On the other side of the table is Pontevedra, where there is a difference of 14 cents for petrol and 15 cents for diesel between the most expensive and cheapest petrol stations.

“In a context in which we are once again approaching last year’s highs in prices, it is necessary to focus on competition and transparency. Automatic gas stations are working to offer the lowest prices and help motorists on this September runway. This low price policy becomes more evident when the price of fuel increases,” explains Aesae.

The employers’ association of automatic filling stations confirms that the main reason for this price difference is the lower cost structure of automatic filling stations compared to conventional filling stations.

In addition, they emphasize that these types of gas stations have the freedom to choose the product from the authorized wholesaler who offers the best price and pass on these savings to the consumer.

Competition from automatic filling stations

According to the latest study on automatic filling stations presented a few months ago, these types of filling stations already represent almost 20% of the market and, through the competitive pressure they generate, help to reduce prices in the areas where they are located.

Although automatic gas stations are a booming model in Spain, there are still obstacles to implementation from the administration. The association therefore denounces that the restrictions imposed on them are “arbitrary” and do not reflect the general interest.

World Nation News Desk
World Nation News Desk
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news