Fuel prices are rising more slowly: Super is scratching the record

The trend in fuel prices is pointing upwards – but the pace of price increases at the petrol pumps is slowing. Is the high price level a cause for concern?

Fuel prices continue to rise, albeit at a slower pace. Diesel and Super of the E10 type were each 0.4 cents more expensive last week, as the ADAC announced on Wednesday. Diesel continued to rise from its all-time high and cost the nationwide daily average on Tuesday 1.564 euros per liter. Super E10 was 1.675 euros per liter on Tuesday. That is the highest value in more than nine years. At the all-time high from 2012, 3.4 cents are still missing.

According to the current evaluation, the price increase was due to the Gas stations “Slowed down significantly at a high level,” explained the ADAC. This also reflects the development on the crude oil market and the dollar exchange rate, continued the automobile club. That the Fuel prices had increased significantly in the past few weeks, is not least due to the high crude oil prices on the international markets. However, there was a slight decrease here on Wednesday. The strong dollar compared to the euro and the current high demand also play a role in the development of fuel prices.

Will the price rise even more?

But other factors also cause prices to rise. A Prognos study published on Wednesday on behalf of the environmental organization Transport & Environment (T&E) shows that motorists would have to dig much deeper into their pockets if the climate targets were to be achieved solely through a CO2 price Fuel should be achieved. Because that means an increase in the gasoline price to 2.50 euros and the diesel price to 2.64 euros.

The alternative route via a mix of instruments including a surcharge when buying a combustion engine therefore leads to a less pronounced increase to 1.90 euros per liter petrol and 1.96 euros per liter of diesel. In the ones that are now beginning Coalition negotiations If the FDP favors a solution primarily through the CO2 price, the Greens and the SPD want further instruments.

What can consumers do?

The ADAC advises motorists, in view of the high price level, to find the cheapest possible petrol stations before refueling. Petrol and diesel are usually cheapest between 6 p.m. and 7 p.m. and between 8 p.m. and 10 p.m. If you take this rule of thumb into account and take advantage of the price differences between the different times of the day and the providers, you can always save a few euros when refueling.

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