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Fuel is becoming more and more expensive - prices for gasoline and diesel just below all-time highs 

2021-11-10T16:13:50.195Z


The prices for gasoline and diesel keep rising. However, economists do not consider a gasoline price cap to be sensible.


The prices for gasoline and diesel keep rising.

However, economists do not consider a gasoline price cap to be sensible.

Munich - There is no turnaround in sight with the rise in fuel prices.

Both gasoline and diesel have become more expensive again, as the ADAC announced on Wednesday.

It is the eleventh increase in a weekly comparison.

According to ADAC, premium E10 petrol cost 1.689 euros per liter on a nationwide daily average on Tuesday.

That is 0.9 cents more than a week ago.

This means that only two cents are missing from the all-time high of 2012.

Diesel went up by 0.4 cents to 1.569 euros.

The fuel already exceeded its old high a few weeks ago and is currently at a level never before reached.

Fuel prices: Drivers should use cheap petrol stations in a targeted manner

The most important driver of the fuel price is the current high oil price.

The ADAC considers the sums currently called up at the petrol stations to be high compared to the price of crude oil.

He therefore calls on motorists "to use their market power to strengthen competition in a targeted manner and to use petrol stations that are as inexpensive as possible when refueling."

In the debate about a possible cap on fuel prices, two prominent economists have spoken out against such a regulation.

Veronika Grimm warned against capping energy prices.

You have to strongly advise against that, she said on Wednesday in Berlin when presenting the annual report of the Expert Council.

High energy prices: Economists are calling for households to be relieved of other burdens

Grimm spoke out in favor of abolishing the EEG surcharge for promoting green electricity or lowering the electricity tax in order to relieve the burden.

However, the “market mechanism” should not be overridden.

The director of the Institute of German Economics (IW), Michael Hüther, told the Phoenix broadcaster that a petrol price cap "now makes no sense".

High prices should encourage consumers to change their behavior.

Instead, households should be generally relieved.

(dpa) 

* Merkur.de is part of IPPEN.MEDIA.

Source: merkur

All news articles on 2021-11-10

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