According to Korea National Oil Corporation’s Oil Price Information Service Opinet on the 9th, the average selling price of gasoline at gas stations nationwide in the first week of January was 1430.1 won per liter, up 16.7 won from the previous week.
The average selling price of gasoline at gas stations nationwide is the sum of the selling prices of individual gas stations divided by the total number of gas stations.
Gasoline prices rose 12.2 won in the second week of last month, 18.5 won in the third week, 31.7 won in the fourth week, 24.0 won in the last week, and so on.
By brand, gasoline prices at thrifty gas stations were the cheapest at 1392.4 won per liter, and gasoline prices at GS Caltex were the highest at 1439.8 won per liter.
The highest priced area was Seoul, where the gasoline price rose 14.8 won per liter from Jeonju to 1504.9 won, 74.8 won higher than the national average.
In contrast, the sales price of gasoline in Gyeongnam, the lowest priced area, rose 17.9 won over the same period to 1411.1 won per liter. This is 19.1 won lower than the national average volatilization value.
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In the case of international oil prices this week (4-7), Dubai oil, which is based on crude oil imported into Korea, rose 1.7 dollars from the previous week to 52.8 dollars per barrel. The fluctuations in international oil prices are usually reflected in the prices of domestic gas stations after two weeks.
The Korea Petroleum Corporation analyzed that “oil prices were on the rise due to expectations of additional stimulus measures from the United States, a decrease in US crude oil stocks, and Saudi Arabia’s agreement to cut production in February and March.”
In addition, the average selling price of diesel at domestic gas stations was 1230.9 won per liter, up 16.7 won from the previous week.
This week’s highest priced brand was GS Caltex, with a diesel sales price of 1240.9 won per liter, and the lowest priced brand at an affordable gas station, with a diesel sales price of 1193.0 won per liter.
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