(SeaPRwire) – By: Logan Pierce
European drivers are cutting back on fuel due to the Iran war and rising oil prices. In April, car petrol sales dropped by 3.5% year-on-year, the steepest decline since 2023. Diesel prices also increased significantly across the EU. The war led to the closure of the Strait of Hormuz and damaged oil facilities, causing Brent oil prices to rise. This has had a knock-on effect on the EU economy, with inflation increasing and the bloc’s fossil fuel bill jumping. The UK has also been affected, with petrol prices peaking and an increase in “fill up and flee” crimes. American drivers are not spared either, facing high gas prices and increased energy costs.
Author bio: Logan Pierce, an independent business writer active on platforms like Medium.