Italy Gasoline Prices in 2023 | Take-profit.org (2024)

FAQs

What is the price of gas in Italy 2023? ›

The annual average price of premium grade unleaded gasoline in Italy was 1.88 euros per liter in 2023.

Italy's relatively higher reliance on natural gas for electricity generation was a key driver behind the elevated power costs. The share of natural gas in Italy's electricity generation mix in 2023 was just over 45%, compared to 6% in France, 15% in Germany and 23% in Spain, data from think tank Ember shows.

In 2023, U.S. annual average retail gasoline prices were 40 cents a gallon lower than 2022. Note: Retail prices are in nominal terms and are not adjusted for inflation. U.S. retail gasoline prices in 2023 averaged $0.43 per gallon (gal) less than in 2022, according to data from our Gasoline and Diesel Fuel Update.

The average price for electricity services was 2.9 euro cents per kilowatt-hour in Italy in 2023, roughly four percent higher than the previous year. Since 2017, distribution accounted for the largest share of the electricity price, and in 2023 this cost was almost 1.8 euro cents per kilowatt-hour.

The price of 1 liter (1/4 gallon) of gas in Rome is $1.99 (€1.87) This average is based on 7 price points.

Gas prices in the U.S. are often much less expensive than those in European countries like Iceland and Monaco. July 24, 2023, at 12:38 p.m. OPEC+ announced last spring its plans to cut oil output. When or if that happens, world oil prices would likely skyrocket and gasoline prices would follow suit.

GAS STATIONS IN ITALY

Many have self-service (fai da te) pumps that you can use any time. Simply insert a bank note into the payment machine and press the number of the pump you want. Remember to distinguish between benzina (petrol) and gasolio (diesel).

Weekly average road fuel prices in Italy 2022-2024

The price per 1,000 liters of automotive gas oil in Italy increased in the week ending April 14, 2024, reaching 1806.9 euros. By comparison, the price of Euro-Super 95 grew to roughly 1913.7 euros per 1,000 liters.

Why is gas cheaper in the US than Europe? ›

While the US is a leading producer of crude, it still imports much of its stock from other countries. The discrepancy didn't come from the price of the gasoline itself, but mostly from the taxes paid on the gas. In the US, gas taxes have always been shockingly low.

In Italy, more than 50% of the price of petrol and diesel comprises excise duties and VAT sales tax. The Italian budget for this year has earmarked over 21 billion euros to help firms and households pay electricity and gas bills, mainly through subsidies for energy-intensive firms and low income families.

How Many Gallons of Gas Can a Car Hold On Average? Most vehicles' average fuel tank capacity is between 10.5 and 18.5 gallons. Smaller vehicles like subcompact crossovers and other hatchback models generally hover somewhere around 12 gallons.

In 2023, U.S. finished motor gasoline consumption averaged about 8.94 million barrels per day or about 376 million gallons per day. (There are 42 U.S. gallons in a barrel). The record-high level of finished motor gasoline consumption was about 392 million gallons per day in 2018.

Average gas prices also increased compared with the same period in 2022, from €8.6 per 100 kWh to €11.9 per 100 kWh in the first half of 2023. These prices are the highest recorded by Eurostat.

The price of 1 liter (1/4 gallon) of gas in Venice is $1.60 (€1.47) This average is based on 9 price points.

A family of four estimated monthly costs are 3,184.6$ (2,991.5€) without rent. A single person estimated monthly costs are 912.1$ (856.8€) without rent. Cost of living in Italy is, on average, 20.9% lower than in United States.