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European Commission data show that the cost of filling a car’s tank in the European Union has reached its highest levels ever, at around 103 euros for gasoline and 108 euros for diesel, amid rising fuel prices due to conflicts in the Middle East and fluctuations in oil markets. Disruptions in oil supplies—such as attacks on Middle Eastern pipelines and reduced supplies from Saudi Aramco—are leading to higher crude oil prices and increased refining costs, which in turn push up fuel prices at gas stations. European Central Bank experts anticipate that ongoing disruptions could keep gasoline and diesel prices high until oil flows return to normal, emphasizing the need to end conflicts and improve refining activity to lower prices.
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