• Since the beginning of the conflict in Ukraine, the price of fuel oil has almost doubled.

  • In question, an explosion in demand which worries professionals in the sector.

  • In Alsace, distributors and suppliers are waiting for this unprecedented situation.

Stéphane Hirtz has a lot on the potato, so he prefers to laugh about it.

Since Monday, the Haut-Rhinois, manager of the fuel distribution company Hirtz-Weniger, has made the same observation: “There is no longer a product on the market, and it is now that everyone wants it.

The result: a historic surge in the price of fuel oil.

Since the invasion of Ukraine by Russia on February 24, the price has almost doubled, going from 1.09 to 1.81 euro.

A "completely artificial" price increase according to Stéphane Hirtz, who castigates certain behaviors reminiscent of the first days following the first confinement: "It's like with the start of Covid, the same phenomenon that pushed people to rush to PQ or pasta.

»

“Excessive” taxation

Among his customers, the Alsatian evokes "the little old people who already have stock, but who restock because they are afraid".

Before recounting this discussion with one of his suppliers: "He told me that the next oil shock is now..."

For his part, Georges Jean, manager of Distri Fioul in Geispolsheim (Bas-Rhin), has a thought for “people in the cold”.

He appeals to the government: “Taxation is currently disproportionate!

All the distributors note the same thing: some put more than a salary to heat themselves at the moment.

»

"We don't know how it will evolve"

If he does not want to "not panic", Olivier Boubé, managing director of Zeller SAS, one of the main import and trading companies of petroleum products in Alsace, is not reassured by the market situation: “Everything we see is gigantic volatility, it's very complicated to manage.

»

For him, the impact of the conflict in Ukraine is “obvious” on the rise in prices: “The quotation of Brent [the price of oil on the stock market] is 130 dollars a barrel.

In 2008, we had risen to 140 dollars a barrel, but at the time the euro was much stronger..." With no immediate prospect of a fall: "The market structure has been unfavorable for months and stocks are quite low.

We don't know at all how it will evolve.

»

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  • Economy

  • War in Ukraine

  • Oil

  • energy

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