Oil Prices Break Through $120/Barrel – OMODA & JAECOO Hybrid Owners Achieve Under €0.11 per Kilometer, Monthly Fuel Costs Cut in Half vs. Gasoline SUVs

WUHU, China, April 16, 2026 (GLOBE NEWSWIRE) — Recently, international oil prices have continued to fluctuate at a high level of $120 per barrel, with fuel prices in many European countries surging by over 16% in just two weeks. The soaring cost of travel has become a major concern for households and consumers worldwide. According to calculations by the clean energy organization Transport & Environment, if oil prices remain above $100 per barrel for an extended period, the fuel cost per 100 kilometers for gasoline vehicles will reach as high as €14.20—meaning that for an average family driving 20,000 kilometers annually, annual fuel expenses alone will approach €3,000. Read More