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Another week, another rise. Fuel prices will rise again next week (in force)

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Another week, another rise.  Fuel prices will rise again next week (in force)

Get ready to shell out a few more euros to top up your car deposit. Next week, fuel prices will rise again, and from Monday they will rise in price. “The development of quotations in euros indicates a new rise in prices, up to 3.5 cents per liter for both gasoline and diesel,” a source in the sector told MultiNews.

The stations near the hypermarkets, which have gained a lot of followers with the increase in the amount of fuel, are also following market trends. “Next week there will be an upward trend of 0.0244 euros for gasoline and 0.0298 euros for diesel,” another source explained.

Fuel prices were rising in Portugal. With an increase scheduled for next Monday, fuel will rise more than six cents a liter in just two weeks.

According to the General Directorate of Energy and Geology (DGEG), the price of diesel fuel has increased 38 times, and since the beginning of the year has fallen only eight times. As for gasoline, since January it has grown 30 times and fell only seven times.

So, since the beginning of the year, gasoline 95 has risen in price by 28 cents per liter, and diesel fuel with additives has risen in price by about 23 cents. This means that refueling a 60-liter gas tank now costs more than 17 euros than in January. To replenish the diesel deposit, you need more than 14 euros than nine months ago.

Data from the Directorate General for Energy and Geology (DGEG) show that the average price for a liter of 95 gasoline in Portugal is currently € 1,743 and diesel is € 1,549.

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With gains next week, both products will return to their 2012 highs, when Portugal was in the midst of a sovereign debt crisis. However, at that time the price of a barrel of oil was about $ 127 per barrel, while now the price of crude oil is slightly more than $ 80 per barrel. But since then, the tax burden on fuel has been growing.

The most recent European Commission Fuel Bulletin indicates that Portugal is the seventh most expensive diesel fuel in the EU. Gasoline, on the other hand, ranks 6th among countries in the Community space, with the cost of this fuel being 11 cents more than the European average and 25 cents more than in Spain.

Most economical
Gasoline (s):

Superproença-Supermercados, Lda in San Bartolomeu – 1589 € / liter

BP Santarém (option) – 1589 euros / liter

Arcozelo Intermarché – 1594 € / liter

Intermarché de Carvalhos – 1594 € / liter

Intermarché de Canelas – 1594 euro / liter


Diesel (s):

DJB Combustíveis in Lugar do Cuteiro – 1399 euros / liter

Intermarché de Oliveira do Bairro – 1399 euro / liter

Distrilavo on Rua das Flores street (Coimbra) – 1399 € / liter

Auchan from Figueira da Foz – 1399 € / liter

Maxi-Tem pumps in Vila Real – 1399 euro / liter

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Economy

Wall Street is back on a roller coaster of volatility. But Biden still has a positive balance for a year – Bolsa

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Wall Street is back on a roller coaster of volatility.  But Biden still has a positive balance for a year - Bolsa

US equities continued to test positive territory but eventually turned red in a volatile session with many ups and downs.

The Dow Jones industrial index fell 0.89% to 34,715.39 points. Remember, on January 5th it reached a level that was not there before, 36,952.65 points.

The Standard & Poor’s 500 fell 1.10% to 4482.73. Its historical maximum was reached in intraday trading on January 4 and amounted to 4818.62 points.

On the other hand, the Nasdaq Composite Technology Index lost 1.30% to 14,154.02 points. Yesterday, the index entered correction territory, losing 10% from its previous closing record reached on November 19. Its all-time intraday high is 16,212.23 points, set on November 22.

Indices on the other side of the Atlantic once again fluctuated between profit and loss, trading in positive territory as the rise in sovereign debt rates stabilized.

The sun was short-lived, however, and late in the session, the sell-off movement seen in recent days became more visible again, especially in the technology sector, which has grown strongly over the past two years due to low interest rates. and that he now fears the consequences of a Fed rate hike that could start as early as March.

This drop in technology is not a promising sign ahead of the final quarter 2021 financial report, Bloomberg highlights. It will be Netflix’s turn today as soon as Wall Street ends its regular timeslot.

It has been a very volatile month for US stocks. Nevertheless, CNN notes, the first year of Joe Biden’s presidential term has a positive balance in the stock markets.

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A year ago on this date, Biden took office and the S&P 500 has risen about 18% over that period, hitting consecutive all-time highs. The Dow Jones is accumulating more than 12% gains, while the Nasdaq posted a less “impressive” performance of just 6%.

But this start to the year isn’t just bad for the Nasdaq. So far, the S&P 500 and Dow are down more than 4% since the first session of 2021.

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Economy

Bitbase Spaniards Want to Invade Portuguese Trade Centers with Crypto ATM

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Bitbase Spaniards Want to Invade Portuguese Trade Centers with Crypto ATM

Spanish giant Bitbase, a cryptocurrency retailer that completed a $52 million virtual asset transaction last year alone, has decided to choose Portugal as the first country to start international expansion.

The company will open its first store in the country next Monday, January 24th. The space will be located in Campo de Ourica, Lisbon. In a press release sent to Negosios, the company added that it still wants to launch cryptocurrency ATMs.

“The company’s vision is to make specialty stores accessible to the public, where people can not only buy or sell cryptocurrencies, but also provide information, advice, or buy other physical products related to the cryptographic world. the function is to explain in as much detail as necessary what cryptocurrencies, blockchain and decentralized finance (DeFi) are,” the company, led by Alex Fernandez, explains in a statement.

Contacting Negosios, Bitbase clarified that in the short term, “in addition to the store in Lisbon, we would like to open another one in Porto, as well as install four crypto terminals in malls.” By the end of 2022, the company still aims to recruit and train “five to ten people.”

Bitbase’s big bet in Portugal will be on the franchise, a model that is widely adopted in Spain and forms a prominent part of the spaces that represent the brand. After Portugal, the company wants to enter the markets of Great Britain and Colombia.

The Spaniards are in direct competition with the Portuguese “cryptomas”

The new Bitbase store will be the second store of its kind to be opened in the country, as Criptoloja, one of the “children of crypto” licensed by Banco de Portugal last year and in the meantime acquired by the Brazilian giant 2TM, already has a face-to-face service faces on Avenida da Liberdade in Lisbon.

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In terms of ATMs, they will also compete directly with another Portuguese “crypto baby”, Mind the Coin, which already has six crypto terminals: Braga, Maia, Faro, Alverca, and now Lisbon and Gaia, according to data provided by company and confirmed by Negosios on the Coin ATM Radar platform.

When asked when he would start installing new machines in Porto and other cities, manager Fernando Guimarães replied that “there is no formal schedule, but as soon as a partnership arises, we are ready to do it.”

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Economy

City Center Covilhã will open its doors in 2023. The shopping center will cover an area of ​​18,000 square meters – Empresas

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City Center Covilhã will open its doors in 2023.  The shopping center will cover an area of ​​18,000 square meters - Empresas

City Center Covilhã is due to open its doors in the second quarter of 2023, according to CBRE, the consulting company responsible for commercializing the commercial project. The real estate consulting firm said in a statement that the space is intended to “help increase investment at the gates of the city of Serra da Estrela.”

This shopping center, which will be located on the axis of the main road of Covilhã, will have a total area of ​​about 18,000 square meters and 14 stores, clarifies CBRE. In total, it will have two floors, “two of them with direct access from the arteries surrounding the project and parking for approximately 740 spaces, of which 242 are located on the surface.”

According to the newspaper O MIA, this project should create 600 jobs in the region. The project is promoted by Forumlar with Frontcity being the person responsible for the architecture. Forumlar’s directors, Artur Costa Pais and Paulo Ramos, have an investment portfolio of tens of millions of euros in consortium with other tourism, distribution and healthcare partners in the Serra da Estrela region.

“This type of project, which in some situations can be seen as an extension of street retail with additional parking valence for customer convenience, has proven to be an asset typology that is resilient to the negative effects of the pandemic,” explains Carlos Recio, director of retail advisory and transactional services at CBRE, quoted in the statement. .

“This feature was due, on the one hand, to the physical characteristics, since they are open spaces, large sizes and direct access to stores from the outside, which gives consumers a sense of security, and on the other hand, for the offer that they traditionally have, including some of the sectors of activity that were less affected by the drop in consumption.”

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