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Relaxation at the gas pump: Super E10 again as inexpensive as at the beginning of the war

2022-11-23T18:26:26.789Z

Fuel prices have fallen by more than six cents in a weekly comparison. According to ADAC, the costs for Super are back to "understandable levels". Diesel, on the other hand, is still overpriced.



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Prices at German petrol stations have once again fallen significantly.

E10 premium petrol fell within a week by 6.4 cents per liter, diesel by 6.5 cents, as the ADAC announced on Wednesday.

E10 cost 1.785 euros per liter on a nationwide daily average on Tuesday, diesel 1.899 euros.

Excluding the phase of temporary tax cuts in the summer, Super E10 was last cheaper on the day the war began, diesel was last on March 3rd.

The price of diesel in particular has fallen recently, for the fifth time in a row according to the weekly ADAC analysis.

The price has fallen almost 25 cents since mid-October.

E10 has also become cheaper in recent weeks, but not as much.

The current drop in prices at the pumps is primarily due to the lower crude oil prices, as the ADAC explained.

A week ago, the price of a barrel of Brent crude was $94, now it's $89.

In addition, a revival of competition is being observed there, which is driving the "overdue downward movement of excessive fuel prices".

The price of petrol has “in the meantime moved back to a largely understandable level,” said a spokesman for the car club.

Before that, measured against the price of crude oil, it had been "massively overpriced" for months.

However, this does not apply to the more expensive diesel, which is taxed around 20 cents lower: "There is still a lot of room for improvement here, the price of diesel must continue to fall."

Sol/dpa/Reuters

Source: spiegel

All business articles on 2022-11-23

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