Displaying items by tag: gas prices

The European and world economies are facing the risk of stagflation (stagnant inflation) due to the war in Ukraine. Big increases in the costs of energy, raw materials, goods, food and transport are creating the conditions for a new big jump in inflation at a time when sanctions and inflation are threatening the economies, which were trying to recover from the big problems caused the pandemic.

Prices of liquid fuels in Greece are experiencing unprecedented rallies after the rally of crude oil topping 130 dollars per barrel due to the war in Ukraine. The increases are cataclysmic not only from day to day but also from hour to hour, with the average nationwide price of unleaded now exceeding 2 euros per liter.