The price of gasoline in Germany has reached a record high this year. The average price for a liter of E10 is currently around 1.87 euros.
Geopolitical tensions in the Middle East, particularly uncertainties arising from the conflicts between Israel and Palestine and Iran, are contributing to fuel prices rising. The cost of the "black gold" was driven up by reports of explosions in Iran and a possible Israeli attack, Handelsblatt reports. The price of diesel has also increased in recent weeks, although fortunately, this development is currently stagnating, according to the ADAC. The head of raw materials strategy at IN IN IN explains the potential impact of global conflicts that impact consumers' wallets: "Gasoline is becoming more and more expensive and is reaching a new record. It's not just about the price of petrol, it's also about the cost of diesel as well. "