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Diesel is cheaper than it has been for months

2022-11-14T15:40:48.030Z


After a long time, the prices at the gas stations are falling noticeably. Apparently, many companies had made provisions for times when gas was scarce and bought more heating oil. That could have made diesel particularly expensive.


Enlarge image

Gas pump: Still quite high prices

Photo: Sven Hoppe / dpa

Over the weekend, the price of diesel fell to its lowest level since August.

The ADAC announced this on Monday.

If you factor out the effects of the fuel tax cut that came into force in the summer, it is actually the lowest diesel price since May.

Specifically, a liter of diesel on Sunday cost 1.986 euros on a national daily average.

A week ago it was 9.5 cents more, two weeks ago even 13.2 cents difference.

Super petrol of the E10 variety also became cheaper on a weekly basis, albeit by far not as much at 4.7 cents.

On Sunday it cost an average of 1.868 euros per liter.

»Prices are moving in the right direction at the moment.

Apparently the competition is getting a little better again," says ADAC fuel market expert Jürgen Albrecht.

But there is still a lot of room for improvement, he emphasizes: “Prices are still too high – especially for diesel.”

He attributes the fact that prices are now falling to various factors.

"In the case of gasoline, the traditionally lower demand in the fourth quarter should also make itself felt," says Albrecht.

»In the case of diesel, additional demand from industry as a substitute for gas had recently driven up prices.

There are indications that a large part of this demand has now been satisfied, causing prices to fall again.”

The fact that heating oil prices have recently fallen significantly, says the expert, fits in with this.

On Monday, the Heizöl24 portal quoted the average price for heating oil for 3,000 liters as 1.327 euros per liter.

Here, too, it is the lowest level since May.

On November 6, the value was still 1.467 euros.

Diesel and heating oil are very similar.

Albrecht said how the prices will continue depends on many factors such as temperatures and political developments.

But he gives drivers some hope: "If nothing comes up, we could be at the beginning of a normalization thanks to the renewed competition.

But there is still a long way to go.«

mamk/dpa-AFX

Source: spiegel

All business articles on 2022-11-14

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