The Certainty of Cheap Fuel Will Be Here for a Long Time. Here's a Comparison with Prices Under the Communists

The current roughly 34 crowns per liter of gasoline and 32 crowns on average for diesel seem relatively high, despite the gradual price reduction. In 1989, gasoline cost eight crowns, or roughly a quarter. But the average wage at that time was less than 3,200 crowns gross, today it is more than 14 times higher. Trinity Bank Chief Economist Lukáš Kovanda calculated that, depending on the current development of oil prices, it will be possible to b…