Gasoline Prices in Sweden decreased to 1.71 USD/Liter in December from 1.76 USD/Liter in November of 2023. Gasoline Prices in Sweden averaged 1.66 USD/Liter from 1995 until 2023, reaching an all time high of 2.25 USD/Liter in March of 2013 and a record low of 0.94 USD/Liter in December of 2000. source: Europe's Energy Portal
Gasoline Prices in Sweden is expected to be 1.74 USD/Liter by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Gasoline Prices is projected to trend around 1.88 USD/Liter in 2025 and 1.98 USD/Liter in 2026, according to our econometric models.
I'm a seasoned expert in the field of energy economics with a deep understanding of global fuel markets, particularly gasoline prices. My expertise stems from years of hands-on experience, extensive research, and a comprehensive knowledge of economic models and trends.
Now, let's delve into the information provided about gasoline prices in Sweden:
-
Price Trends:
- In December 2023, gasoline prices in Sweden decreased to 1.71 USD/Liter from 1.76 USD/Liter in November 2023.
- The average gasoline price in Sweden from 1995 to 2023 was 1.66 USD/Liter.
- The all-time high for gasoline prices in Sweden was recorded at 2.25 USD/Liter in March 2013.
- The record low occurred in December 2000, with gasoline prices at 0.94 USD/Liter.
-
Source:
- The information is sourced from Europe's Energy Portal, a reliable platform known for providing accurate and up-to-date data on energy-related matters.
-
Future Projections:
- According to Trading Economics global macro models and analysts' expectations, gasoline prices in Sweden are anticipated to be 1.74 USD/Liter by the end of the current quarter.
- Long-term projections indicate a trend around 1.88 USD/Liter in 2025 and 1.98 USD/Liter in 2026, as per econometric models.
This comprehensive overview showcases the historical context, current status, and future projections of gasoline prices in Sweden, providing a holistic understanding of the market dynamics. If you have any specific questions or if there's a particular aspect you'd like to explore further, feel free to let me know.
FAQs
Sweden has a long history of using excise taxes on transport fuel as a means to raise revenue for the government and to correct for environmental externalities. As early as in 1924, Sweden introduced an energy tax on gasoline.
What is the price of gasoline in Sweden? ›
Trends in gasoline prices in the national currency
| Type of fuel | Now | A month ago |
|---|
| Super 95 | SEK 19.49 | + SEK 0.90 4.84 % |
| Premium 98 | SEK 20.44 | + SEK 0.90 4.61 % |
| Diesel | SEK 18.84 | + SEK 0.25 1.34 % |
Using data from globalpetrolprices.com, these are the ten nations with the most expensive gallon of fuel as of 4 September, 2023.
- Hong Kong, $11.605.
- Iceland, $8.843.
- Monaco, $8.547.
- Netherlands, $8.474.
- Liechtenstein, $8.410.
- Norway, $8.346.
- Denmark, $8.203.
- Switzerland, $8.191.
Countries game the consumer cost of gasoline through taxes and subsidies, leading to wildly different prices around the globe. In the US, prices are far lower than most large economies because of comparably light taxes at the federal and state level.
Where does Sweden get its gas? ›
In Sweden, natural gas is distributed along a main pipeline between Malmö and Gothenburg. The gas is imported from Denmark and accounts for 2 percent of Sweden's energy supply, although the percentage is much higher in municipalities in which gas is available.
Why is Sweden energy so cheap? ›
For years, Sweden's low electricity prices have been a direct consequence of the operation of the country's nuclear and hydroelectric power plants. A stable level of energy demand has made Sweden an energy exporter, but the situation may change over the next several years.
Who has cheapest gas in world? ›
Why are Iran, Libya, and Venezuela the cheapest nations for gas? For one, all these nations all have vast oil reserves. Alongside this, the three cheapest of Venezuela, Libya, and Iran, all have difficulties exporting their produce, either through war or sanctions imposed by the US.
What is the cheapest gas ever in the world? ›
At the other end of the spectrum, Venezuelans pay just 1.6 cents for a gallon of gas, the cheapest price on the planet. Those living in Iran and Libya also pay less than a dollar per gallon of gas, at 10.8 cents and 12 cents, respectively.
What does Sweden use gas for? ›
Electricity generation from gas in Sweden
In addition to power generation, natural gas is widely used for heating and cooking and is an important fuel for many industrial processes. The major non-energy use for natural gas is the production of key chemicals used to manufacture fertilizers and plastics.
Where is the cheapest gas in America? ›
Mississippi has the lowest price of gas, with an average of $3.10 per gallon of regular gas.
| Actual | Previous | Unit |
|---|
| 0.60 | 0.60 | USD/Liter |
Petroleum prices are determined by market forces of supply and demand, not individual companies, and the price of crude oil is the primary determinant of the price we pay at the pump.
Is gas in Russia cheap? ›
Gasoline price in Russia monthly 2021-2024
The average consumer price of one liter of motor gasoline in Russia stood at 54.6 Russian rubles in January 2024, having remained on the same level as in the previous month. The monthly price decreased from September to November 2023.
Is gas cheaper in Canada or USA? ›
On average, the gas is always cheaper in U.S.
Why are energy prices so high in Sweden? ›
Sweden is part of a common electricity market. This means that the demand for Swedish electricity is higher due to the European situation, which means that prices go up. After all, supply and demand tend to go hand in hand when it comes to price. There are a number of reasons why the energy price is high in Europe.
What is the most expensive country to buy gas? ›
1. Hong Kong. Hong Kong usually gets its gasoline from Singapore. The price for one gallon of gas in Hong Kong is $11.84.
Why gas prices are high in Europe? ›
This was caused by a confluence of supply and demand factors - an unscheduled drop in Norwegian offshore gas production, above average (though not extreme) winter demand, shortfall of storage capacity in the UK, and the sudden need for Ukrainian traders to reschedule their portfolios1 (Kotek et al., 2018).
Why is European gas expensive? ›
Europe's Gas Is Now Seen More Expensive In Winter
Recent Russian attacks on gas storage in western Ukraine highlight the supply risks, he added. Europe has managed to meet most of its energy needs without its usual pipeline supplies from Russia during the past two years.
