A year after the extreme increase at the beginning of the Ukraine war, fuel prices have partially normalized. Although they are still at a high level in a long-term comparison, they are likely to put the brakes on inflation in the coming months. Because what is currently being paid at the pumps almost seems like a bargain compared to the values a year ago. In March 2022, all fuel price records were shattered under the impact of the Ukraine war. According to ADAC figures, on March 7th the value of 2 euros per liter of Super E10 and diesel was exceeded for the very first time on a nationwide daily average. On March 10th, diesel reached its all-time high of EUR 2.321 per liter on a national daily average. The E10 record was reached on March 14 with 2.203 euros. Prices are currently well below that. In February, both premium E10 petrol and diesel cost 1.754 euros per liter on a nationwide monthly average, as determined by the ADAC. Should prices be similar in March, diesel would be around 18 percent cheaper and premium petrol almost 15 percent cheaper than in the same month last year. That would be so clear that it would even be reflected in the inflation rate. After the recently introduced new weighting of the consumer price index, there is a calculated dampening effect of almost half a percentage point.
Gas stations – fuel prices normalize – economy
