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In 2012 alone, fuel prices were higher.

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In 2012 alone, fuel prices were higher.

Since the beginning of the year, oil prices have risen by almost 50%. The cost to the consumer increased by 15%.

It is necessary to go back to 2012 to find fuel prices in Portugal higher than those currently practiced. Analysts believe that this figure will grow in the near future. Today, gasoline prices are expected to rise by a cent, bringing the average price of 95th regular gasoline to 1.66 euros per liter. Diesel is expected to remain unchanged, averaging € 1,448 last week. The blame lies in the rise in oil prices on international markets, as well as the heavy weight of taxes on the final price of fuel in Portugal.

Since the beginning of the year, the price of Brent, a benchmark for European markets, has already risen by almost 50% and closed on Friday at $ 76.17 per barrel. On the other hand, the increase in fuel was about 15%. The problem lies in the tax share, since about 60% of fuel prices are tax revenues. This means that the increase in the amount of raw materials only affects the remaining 40%.

inconsistency

Even a study by the Portuguese Association of Petroleum Companies (Apetro), published last Friday, testifies to this. There is much speculation as to why, with oil and petroleum product prices well below the 2008 peak, pump selling prices are higher than at that time, Apetro admits, stressing that “the explanation for the increase , first of all, in the tax burden ”(ISP – tax on petroleum products and VAT – value added tax).

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OPEC +, an alliance that brings together the Organization of Petroleum Exporting Countries and other relevant producers, especially Russia, met this week, but twice there was no agreement to increase production. Trading will resume today, but as Bloomberg warns, the lack of a deal could put pressure on an already tense market, potentially contributing to a sharp rise in oil prices. In fact, the opposite scenario is also possible. It should be remembered that in early 2020, the lack of an agreement between Saudi Arabia and Russia led to a price war that pushed oil prices very close to $ 20 a barrel.

“The current impasse is a clear sign of the UAE’s intentions: they have a clear mandate to increase production and want to have more influence,” said Amrita Sen, a consultant at Energy Aspect Ltd in London, quoted by Bloomberg.

Abu Dhabi has put forward the idea of ​​leaving OPEC at the end of 2020 as it intends to produce more oil to take advantage of the billions of dollars in investment it has put into expanding its capacity.

The cost may continue to rise

The stalemate recorded this week – and the refusal of UAE delegates to make any concessions – suggests tensions will persist. Paulo Rosa, an analyst at Banco Carregosa, recalls that last year, OPEC and its allies cut production to offset the sharp drop in demand caused by the pandemic, in particular the first restriction and disruption of the economy in spring 2020. “The economy is gradually recovering, driven by the development of vaccination programs. but oil supplies have not returned to pre-coronavirus levels, and if OPEC countries maintain discipline at current production levels, oil still has room to add value, ”he defends. Ricardo Evangelista from ActivTrades also believes that the rise in prices will continue. “With the continuation of the return to normal and the subsequent increase in demand, the price will remain at least at the current level, and may even rise if the OPEC + countries do not reach an agreement between them.”

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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