Gas station gas prices have fallen for 25 consecutive weeks... Virtually flat at around 1,800 won

Gas prices at gas stations across the country have been falling for 25 consecutive weeks, but the recent decline has become insignificant and has virtually remained stagnant.

The average selling price of gasoline and diesel has remained in the same price range for 18 weeks since dropping to the 1,800 won range in the second week of July.

According to Korea National Oil Corporation's oil price information system Offinet on the 7th, the average selling price of gasoline at gas stations nationwide in the first week of November (1st to 5th) was 1,855.4 won per liter, down 0.3 won from the previous week.

In particular, starting from the third week of September, the decline in gasoline prices compared to the previous week remained less than 1 won per liter.

Seoul, with the highest price, was 1,900.3 won, down 1.0 won from the previous week, and Daegu, with the lowest price, was 1,826.8 won, down 0.5 won from the previous week.

The price by brand was the highest at GS Caltex gas stations at 1,858.3 won, and the lowest at thrifty gas stations at 1,845.8 won.

The average selling price of diesel recorded 1,842.0 won, down 0.1 won compared to the previous week. Diesel oil has also fallen less than 1 won per liter every week since the fourth week of August.

International oil prices fell this week due to expectations of a diplomatic solution between the United States and Iran and increased expectations of easing geopolitical risks following the resumption of trilateral peace negotiations between the United States, Russia, and the United States.

Dubai oil, the standard for the price of imported crude oil, was $100.3 per barrel, down $15.3 from last week.

The international gasoline price decreased by $25.0 to $111.9, and the international automobile diesel price decreased by $9.4 to $163.7.

Changes in international oil prices are usually reflected in domestic gas station prices with a difference of 2 to 3 weeks.

The government maintains the maximum price of oil to reduce the impact of international oil price fluctuations on domestic prices.

Previously, the government set the 11th highest oil price at 1,784 won per liter for gasoline, 1,773 won for diesel, and 1,380 won for kerosene, the same as the 10th highest price.