Fuel prices at a record high: E10 and diesel continue to rise in price

Filling up is becoming more and more expensive: Over the weekend, the price of premium E10 gasoline rose to a new record high. The nationwide average daily price on Sunday was 2,273 euros per liter, according to the ADAC. That was 1.7 cents more than on Friday. Diesel even increased by 3.5 cents. A liter cost an average of 2.404 euros a day on Sunday, only 4.3 cents away from its record from April.

Fuel prices have risen sharply in the past two weeks. On August 30th, E10 was a good 12 cents cheaper than on Sunday. Diesel for a good 20 cents. And the signs for further developments do not look good: oil prices rose at the start of the week following bad news from the Middle East.

Developments in the Middle East are driving up the price of oil

A meeting of foreign ministers of the Persian Gulf states in Oman planned for today will not take place. According to reports, the meeting was originally planned for Iran and Oman to present an agreement on the deadlocked Strait of Hormuz conflict. In addition, the world's largest oil exporter, Saudi Arabia, had to shut down an important pipeline after drone attacks.

The price of crude oil is typically the primary driver of changes in gasoline prices. However, prices can vary greatly depending on the region and the time of day. Currently, fuel is a lot cheaper in southern Germany - especially in Bavaria - and more expensive in the north and especially eastern Germany, as shown by data from the fuel price portal Tankerkönig. In addition, the price fluctuates greatly throughout the day - after the price jump at midday, fuel is usually more than 20 cents more expensive than immediately before. In the afternoon they usually fall again quickly until they usually reach their daily low in the late morning.