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Just in time for the Christmas holidays: fuel prices are rising again

2022-12-23T15:36:33.699Z


Just in time for the Christmas holidays: fuel prices are rising again Created: 12/23/2022, 4:25 p.m By: Simon Mones The drop in fuel prices in Germany is over: At the start of the Christmas holidays, diesel in particular is becoming noticeably more expensive again. Update from December 23, 4:25 p.m.: The price of diesel has risen again for the first time since mid-October. As the ADAC has esta


Just in time for the Christmas holidays: fuel prices are rising again

Created: 12/23/2022, 4:25 p.m

By: Simon Mones

The drop in fuel prices in Germany is over: At the start of the Christmas holidays, diesel in particular is becoming noticeably more expensive again.

Update from December 23, 4:25 p.m.:

The price of diesel has risen again for the first time since mid-October.

As the ADAC has established, a liter has risen by three cents to an average of 1.804 euros.

Gasoline has also become more expensive, but to a lesser extent.

After that, a liter of Super E10 costs an average of 1.661 euros – an increase of 0.8 cents.

While the price of petrol is in the range of normalization, according to the ADAC, diesel is still a long way from it.

Although the self-igniting fuel is taxed at a good 20 cents less than the Super E10, it currently costs 14.3 cents more.

Just in time for the Christmas holidays: fuel prices are rising again

At around US$ 80, the price of oil is almost unchanged compared to the previous week and can therefore hardly be the reason for the current increase in prices - rather the expected wave of travel over the Christmas holidays.

Experts therefore advised some time ago to fill the tank a few days before or after the holidays.

First report from December 8, 2022, 11:32 a.m .:

Inflation is currently making life in Germany noticeably more expensive.

In many areas, costs have risen significantly in 2022, but there are also exceptions to the rule: fuel prices have been falling for weeks.

However, the fall in prices has weakened significantly.

This is the result of a new evaluation by the ADAC.

On average nationwide, a liter of Super E10 cost 1.729 euros, one cent less than in the previous week.

Diesel was also a cent cheaper and cost 1.833 euros.

Refueling is becoming more expensive again (symbol photo).

©Oliver Berg/dpa

Fuel prices continue to fall: super almost as cheap as in mid-August

This puts petrol back at the price level it was in mid-August, when the tax burden was significantly reduced thanks to the fuel discount.

"Diesel costs even less than during the entire period of the tank discount (June to August)," explains the ADAC on its website.

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One reason for the fall in prices is a noticeable relaxation on the crude oil market.

A barrel of Brent crude cost around $85 a week ago, climbing to $87 in the meantime before falling to just under $80.

The oil price despite the upcoming EU oil embargo against Russia and the reduced output of OPEC+.

And the euro, which is strong compared to the US dollar, is also causing the prices for diesel and petrol to fall.

Fuel prices continue to fall: diesel is still far too expensive

Despite the positive development of fuel prices in Germany, the ADAC is still not satisfied.

According to the Automobile Club, drivers still pay too much at gas stations: "Diesel in particular is still extremely expensive." Despite the fact that the tax burden is over 20 cents lower, the fuel still costs around ten cents more than Super E10.

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However, it is unclear whether the price decline that has lasted for seven weeks will continue.

Nevertheless, motorists can still save: ADAC emphasizes that the first filling station does not always have to be the cheapest.

It is therefore advisable to compare fuel prices beforehand using an app.

The automobile club also recommends that drivers of petrol engines use Super E10 instead of the more expensive E5 fuel – if this is possible.

A look at the clock can also help, because there is a lot of potential for savings here.

Diesel and petrol cost the most in the morning hours.

However, it is cheapest in the evening between 6 p.m. and 8 p.m. and between 9 p.m. and 10 p.m.

Source: merkur

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