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Gas prices have been falling for a month despite uncertainty in the Middle East

Gas prices have been falling for a month despite uncertainty in the Middle East

Fuel prices across the Netherlands have decreased over the last month, with gasoline down 11.6 percent and diesel down 2 percent. Despite ongoing tensions and shipping disruptions in the Strait of Hormuz, market availability of alternative oil supplies has driven these lower costs at the pump.

Fuel prices in the Netherlands have continued to drop over the past month despite geopolitical tensions in the Middle East. The recommended price for a liter of gasoline is currently 2.414 euros, marking an 11.6 percent decrease from the 2.731 euros recorded a month ago. Diesel prices have also seen a modest decline of 2 percent, reaching a current recommended price of 2.517 euros per liter.

These prices represent recommended rates often found at highway stations, though actual costs can vary elsewhere. According to UnitedConsumers director Paul van Selms, the market has stabilized because traders have found alternative oil sources despite the ongoing blockade of the Strait of Hormuz. While Iran continues to target tankers in the region, the market has reacted with a sense of resignation, leading to the observed price drops at the pump. The future outlook for fuel prices remains uncertain as the situation in the Middle East continues to evolve.

Based on reporting by nu. Translated and condensed by LocalHeadlines.

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