Impossible to predict fuel prices – Kjersti hoards while it’s cheap

– Right now I think the prices were handsome, says Kjersti Norrud Giske. Four jugs stand in a row at the fuel pumps at a petrol station. Giske is in the process of filling for both himself and the zone. She uses the spare cans to keep fuel in stock, as fuel prices can suddenly become higher. – The prices have already increased to NOK 23-24 elsewhere, she says. Kjersti Norrud Giske is very pleased to have obtained cheap fuel. Photo: Øyvind Sandnes / news Impossible to predict prices Johan Andrew Bottesmo is an analyst at Kinect Energy Group, and has followed the development in fuel prices. – The price of oil has fallen. It is probably related to the fact that we expect lower price growth and have good access to oil. Many motorists turned into various petrol stations when they saw the fuel prices today. Photo: Øyvind Sandnes / news The price has therefore gone from NOK 27 per liter to NOK 19 in a short time. In addition, prices are affected by politics across national borders. – Local competition is also an element that has shaped the fuel market for years. But the big fall that has been is because of the political situation in the world. Bottesmo says that it is impossible to predict how fuel prices will develop in the future. – So the price can suddenly rise to NOK 27 again? – I can hope it doesn’t happen, but yes. news has spoken to several analysts who believe it is impossible to say anything about how fuel prices will be in the future. Must fill up all the time Ghassan Hussein is one of the many who filled up his car with fuel today. – I saw the price here on a Facebook post. Then I immediately drove off guard. The last few times I have bought fuel for NOK 25 a litre. Today the price is only NOK 18. Ghassan Hussein is happy that the price was low today. Photo: Øyvind Sandnes / news Earlier he refused to fill the tank. He lives in Ålesund, but works outside the city. Therefore, he has to drive a lot, and his car guzzles fuel. – The car has to be filled almost every day. It costs a lot. We have to cross our fingers that the prices will be even lower.



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