Fuel Crisis Looming: Prepare Now by Stocking Up on Gas

Fuel Price Update: diesel Set to Dip, Gasoline Steady as Government Weighs Tax Changes

Published: October 19, 2025

Meta Description: Fuel prices are shifting: diesel costs are expected to fall slightly, while gasoline remains unchanged. Learn about potential tax changes and global oil market influences.

Lisbon, Portugal – Motorists can anticipate a minor reprieve at the pumps next week, as forecasts indicate a decrease in diesel prices while gasoline remains stable. The information, released on Friday by the Automóvel Club de Portugal (ACP), offers insight into the nation’s fuel market dynamics.

Specifically, the price of diesel is projected to fall by 1.5 cents per liter. Conversely,the price of 95 gasoline is anticipated to hold steady. According to the ACP,the average price of simple diesel will be 1.527 euros, and 95 gasoline will remain at 1.698 euros if these projections hold true.

Current prices, as of the most recent data from the Directorate-General for Energy and Geology (DGEG), show simple diesel at 1.542 euros per liter and simple 95 gasoline at 1.698 euros per liter. These figures highlight the modest expected change.

Government Tax Policy Impacts Fuel Costs

The ACP emphasized that these forecasts are contingent upon the continuation of existing extraordinary tax reduction measures implemented by the government. These measures are designed to mitigate the impact of rising prices on consumers, specifically through reductions in the Tax on Petroleum Products (ISP) and VAT adjustments.

However, these temporary measures are under review. The Minister of Finance recently affirmed the government’s commitment to finding a solution to phase out discounts on the ISP, as recommended by the European Commission.The goal is to achieve this transition without triggering ample increases in fuel prices.

Joaquim Miranda Sarmento, the minister of State and Finance, stated that the government will explore opportunities to reduce prices to offset the removal of these discounts. This issue came under scrutiny from the European Commission as early as 2023,with repeated calls to end the ISP discounts,according to reports.

Global Oil Market Trends

The international oil market experienced a downturn recently, with the price of Brent crude oil for December delivery closing at $61.06 on the London futures market. This represents a 1.37% decrease, and the lowest price level as May, partially influenced by trade tensions between the United States and China, and concerns about a potential global recession.

North Sea crude also saw a decrease, closing at $61.91, down 85 cents from the previous session. Ongoing commercial anxieties and an oversupply of oil in the market continue to drive these trends.

Fuel Type	Projected Change	Projected Price (Euros/Liter)	Current Price (Euros/Liter)
Diesel	Decrease of 1.5 cents	1.527	1.542
Gasoline 95	no Change	1.698	1.698

Understanding Fuel Price Volatility

Fuel prices are subject to a complex interplay of factors, including crude oil prices, refining costs, taxes, and geopolitical events. Global economic conditions, supply and demand dynamics, and currency exchange rates also play notable roles. Did You Know? The price of oil is typically quoted in US dollars, so fluctuations in the exchange rate between the euro and the dollar can impact prices at the pump in Europe.

In addition to these global forces, government policies such as tax levels and subsidies can significantly influence prices. Pro Tip: Regularly check fuel price comparison websites to find the cheapest stations in your area.

The European Union is increasingly focused on transitioning to lasting energy sources, and this will undoubtedly impact the long-term future of fuel prices. Investing in energy efficiency and exploring option transportation options are increasingly important strategies for consumers.

Frequently Asked Questions About Fuel prices

• What factors influence fuel prices? Fuel prices are affected by global oil markets, refining costs, taxes, and currency exchange rates.
• What is the ISP tax? The ISP is a tax on petroleum products, and its reduction has helped to mitigate rising fuel costs.
• Will gasoline prices increase if the ISP discount ends? The government is working to find solutions to avoid significant price increases if the ISP discount is phased out.
• What is the current trend in oil prices? Oil prices have recently experienced a downward trend, due to trade tensions and recession concerns.
• How can I save money on fuel? Consider using fuel price comparison websites, driving efficiently, and exploring alternative transportation.

What are your thoughts on the potential end of fuel tax discounts? Share your comments below!

Is it legal to stockpile gasoline in my area?

Understanding the Current Fuel Situation

Several factors are converging to create a possibly significant fuel crisis in late 2025. While predicting the future is impossible,understanding the contributing elements allows for proactive readiness. These include:

* Geopolitical Instability: Ongoing conflicts and tensions in key oil-producing regions (Middle East, Russia-Ukraine) consistently disrupt supply chains and drive up gas prices.

* OPEC+ Production Cuts: Decisions by OPEC+ to reduce oil production directly impact global supply, leading to increased costs at the pump. Recent announcements suggest continued limitations.

* Increased Demand: As economies recover and travel resumes,the demand for gasoline and diesel is rising,straining existing resources. The holiday travel season historically sees a surge in fuel consumption.

* Refinery Capacity: Limited refinery capacity,exacerbated by maintenance shutdowns and occasional unforeseen events (like hurricanes impacting Gulf Coast refineries),restricts the ability to convert crude oil into usable fuel.

* Seasonal Fuel Blends: The transition to winter-blend gasoline, while necessary for colder temperatures, can temporarily reduce supply and increase prices.

Why Stockpiling Gas is a Prudent Strategy (and it’s Limitations)

While not a perfect solution, strategically stocking up on gas can provide a buffer against immediate price spikes and potential shortages. However, it’s crucial to understand the limitations and best practices.

Safe Fuel Storage Options

* Gas Cans: Approved, safety-certified gas cans are the most common method for storing gasoline. Ensure they are clearly labeled, stored in a well-ventilated, cool, and dry location away from ignition sources.Consider using fuel stabilizers (see below).

* Vehicle Tanks: Keeping your vehicle’s gas tank consistently full is a simple, low-cost way to have a reserve.

* Dedicated Fuel Tanks (larger Quantities): For those needing larger reserves, dedicated fuel tanks designed for long-term storage are available. These require professional installation and adherence to local regulations. always check local fire codes and regulations regarding fuel storage.

Fuel Stabilizers: Extending Shelf Life

gasoline degrades over time, especially when exposed to air and moisture. Adding a fuel stabilizer like STA-BIL or Sea Foam extends the shelf life of gasoline significantly.

* Recommended Dosage: Follow the manufacturer’s instructions on the stabilizer bottle.

* Shelf Life with Stabilizer: Properly stabilized gasoline can remain usable for 6-12 months,potentially longer under ideal storage conditions.

Quantity Considerations: How Much Gas to Store?

The amount of gas to store depends on individual needs and circumstances. Consider:

1. essential Travel: How much fuel is needed for essential trips (work, medical appointments) if access to gas stations is limited?
2. Emergency Power: Do you have generators that require gasoline? Calculate their fuel consumption.
3. Vehicle Capacity: The size of your vehicle’s gas tank is a limiting factor.
4. Storage Space: Available storage space dictates how much you can safely store.

A reasonable starting point is 5-10 gallons per vehicle or essential generator.

Real-World Examples & Past Fuel Crises

History provides valuable lessons. The 1973 oil crisis and the 1979 energy crisis demonstrated the vulnerability of economies to disruptions in oil supply. Long lines at gas stations and significant price increases were common. More recently, the Colonial Pipeline ransomware attack in 2021 caused widespread fuel shortages along the east Coast, highlighting the fragility of infrastructure. These events underscore the importance of preparedness.

Beyond Stockpiling: Additional Preparedness Measures

Stocking up on gas is just one piece of the puzzle. Consider these complementary strategies:

* Improve fuel Efficiency: Drive conservatively, maintain your vehicle, and ensure tires are properly inflated.

* Explore Alternative Transportation: Consider biking, walking, or public transportation when feasible.

* Remote Work: If possible, work remotely to reduce commuting needs.

* Emergency Fund: Having an emergency fund can help cover unexpected expenses, including higher fuel costs.

* stay Informed: Monitor news and updates from reliable sources regarding the fuel situation.Websites like the U.S. Energy Information Administration (EIA) provide valuable data.

* Consider a Fuel-Efficient Vehicle: If you’re in the market for a new car, prioritize fuel efficiency. Hybrid and electric vehicles can reduce your reliance on gasoline.

Understanding Fuel Price Trends & Forecasting

Monitoring gas price trends is crucial. Websites like GasBuddy and AAA provide real-time price information and historical data. While predicting future prices is difficult, understanding the factors that influence them (crude oil prices, refining margins, taxes, seasonal demand) can help you make informed decisions. Look for reports from the EIA on short-term energy outlooks.

Frequently Asked Questions (FAQ)

* Is it legal to stockpile gasoline? Generally, yes, but local regulations may apply. Always check with your local fire department.

* What are the dangers of storing gasoline? Gasoline is highly flammable. Improper storage can lead to fires and explosions. Follow safety guidelines meticulously.

* how long does gasoline last? Unstabilized gasoline degrades within 3-6 months