Fuel sales in Argentina continue to decline - Falling another 3% in January 2025 - 14 months in a row

[earlyretirement]

Fuel sales in Argentina continue to decline, recording a 3% drop in January 2025 compared to the same month last year, and a decrease of 4.9% from December 2024.

This downturn marks the fourteenth consecutive month of falling fuel sales.

The downward trend in fuel consumption has persisted since late 2023:

In 2024, total sales of gasoline and diesel fell by 8.90% year-on-year.

Premium gasoline was the most affected, with an 18.77% decrease in 2024.

Diesel experienced a 13.13% decline during the same period.

Several factors have contributed to this trend:

High Prices: The price per liter of gasoline in Argentina is among the four highest in the region.

Inflation: In 2024, the price of regular gasoline in Buenos Aires increased by 100%, although this was below the annual inflation rate of 136.7%.

Changing Preferences: Drivers are opting for more economical fuels.

Regional Impact

The decline in fuel consumption has affected all Argentine provinces, with some regions experiencing more pronounced decreases:

Formosa: -27.17%
Misiones: -25.29%
Corrientes: -19.85%

The City of Buenos Aires showed a more moderate decline of 1.49% in 2024.

This ongoing trend in declining fuel consumption reflects the economic challenges facing Argentina, with high prices and persistent inflation impacting consumers' purchasing power.

 

[Uncle Wong]

Fuel sales in Argentina continue to decline, recording a 3% drop in January 2025 compared to the same month last year, and a decrease of 4.9% from December 2024.

This downturn marks the fourteenth consecutive month of falling fuel sales.

The downward trend in fuel consumption has persisted since late 2023:

In 2024, total sales of gasoline and diesel fell by 8.90% year-on-year.

Premium gasoline was the most affected, with an 18.77% decrease in 2024.

Diesel experienced a 13.13% decline during the same period.

Several factors have contributed to this trend:

High Prices: The price per liter of gasoline in Argentina is among the four highest in the region.

Inflation: In 2024, the price of regular gasoline in Buenos Aires increased by 100%, although this was below the annual inflation rate of 136.7%.

Changing Preferences: Drivers are opting for more economical fuels.

Regional Impact

The decline in fuel consumption has affected all Argentine provinces, with some regions experiencing more pronounced decreases:

Formosa: -27.17%
Misiones: -25.29%
Corrientes: -19.85%

The City of Buenos Aires showed a more moderate decline of 1.49% in 2024.

This ongoing trend in declining fuel consumption reflects the economic challenges facing Argentina, with high prices and persistent inflation impacting consumers' purchasing power.

Surprised to hear this because Argentina is still much cheaper than other countries. The economy must really be struggling if it's 14 months of declining sales in a row. I thought I read new car sales are increasing. I guess people are buying but not driving!

 

[Jenn]

Look at those prices for gas in Venezuela! It's almost free.

 

[Larry]

Fuel sales in Argentina continue to decline, recording a 3% drop in January 2025 compared to the same month last year, and a decrease of 4.9% from December 2024.

This downturn marks the fourteenth consecutive month of falling fuel sales.

The downward trend in fuel consumption has persisted since late 2023:

In 2024, total sales of gasoline and diesel fell by 8.90% year-on-year.

Premium gasoline was the most affected, with an 18.77% decrease in 2024.

Diesel experienced a 13.13% decline during the same period.

Several factors have contributed to this trend:

High Prices: The price per liter of gasoline in Argentina is among the four highest in the region.

Inflation: In 2024, the price of regular gasoline in Buenos Aires increased by 100%, although this was below the annual inflation rate of 136.7%.

Changing Preferences: Drivers are opting for more economical fuels.

Regional Impact

The decline in fuel consumption has affected all Argentine provinces, with some regions experiencing more pronounced decreases:

Formosa: -27.17%
Misiones: -25.29%
Corrientes: -19.85%

The City of Buenos Aires showed a more moderate decline of 1.49% in 2024.

This ongoing trend in declining fuel consumption reflects the economic challenges facing Argentina, with high prices and persistent inflation impacting consumers' purchasing power.

It is no wonder sales are down! No one has any money with the dear increases across the board on everything from healthcare to condo fees to restaurants surging their prices.