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Back|Fuel prices: E10 gasoline costs less than two euros on average per day
Fuel prices: E10 gasoline costs less than two euros on average per day
NEWS
Handelsblatt·18 minutes ago·Business·1 min read·🇩🇪Germany·

Fuel prices: E10 gasoline costs less than two euros on average per day

With the rise in oil prices, the prices for gasoline and diesel at German gas stations are also falling. However, the regional differences remain large.

Quick Look

  • Fuel prices at German gas stations are falling.
  • On average, premium E10 gasoline costs less than two euros nationwide, while diesel has also become slightly cheaper.
  • The reason for the decline is falling oil prices.

AI-generated summary

Why It Matters

Falling oil prices due to hopes for a diplomatic solution to the conflict between the USA and Iran are leading to cheaper fuel prices at German gas stations.

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With the rise in oil prices, the prices for gasoline and diesel at German gas stations are also falling. However, the regional differences remain large.

Berlin. Premium gasoline of the E10 variety costs less than two euros again. According to the ADAC, the nationwide daily average on Sunday was 1.996 euros per liter. That was 7.6 cents less than a week earlier. Diesel also fell in price, but only by 4.1 cents to 2.241 euros per liter.

The national average for gasoline was already below the 2 euro mark on Friday and Saturday. According to ADAC, both fuels were slightly more expensive on Sunday than on Saturday. However, there is no sign of a trend reversal so far: the first figures from Monday morning from the “Tankerkönig” portal point slightly downwards.

The oil price, which started trading lower on Monday, also points in this direction. The background is hopes for a diplomatic solution to the war between the USA and Iran.

The price of E10 has mostly fallen over the past month. On October 8th, according to the ADAC, a liter nationwide cost 2,140 euros on a daily basis - a good 14 cents more than on Sunday. No corresponding movement can be observed with diesel: on October 8th, the fuel was practically the same price as it is currently at 2,242 euros per liter.

This means that diesel is now 24.5 cents more expensive than E10. This is one of the highest values ​​of all time. Only in April and during the first fuel discount in 2022 was the difference temporarily larger. However, the 2022 fuel discount made diesel cheaper than gasoline - so it contributed to the big difference at the time. The current fuel discount reduces taxes on both types of fuel by around 17 cents per liter. It is expected to expire at the end of the year.

Diesel is more vulnerable to crises

Diesel is taxed lower than gasoline. Therefore the fuel is cheaper than E10 in normal times. This difference is often 15 cents. However, diesel is more vulnerable to crises than gasoline - also because Germany imports more finished fuel.

Prices can vary significantly depending on region and time. Since the introduction of the 12 o'clock rule, the cheapest time to fill up is later in the morning. Anyone looking for particularly cheap gas stations could find offers in many regions on Monday morning for just over 1.80 euros per liter - in some cases even for less than 1.80.

Open Questions

  • ?How will oil prices develop in the coming weeks?
  • ?Will the price of diesel continue to remain high?

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This article was originally published by Handelsblatt.

Quick Look

  • Fuel prices at German gas stations are falling.
  • On average, premium E10 gasoline costs less than two euros nationwide, while diesel has also become slightly cheaper.
  • The reason for the decline is falling oil prices.

AI-generated summary

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Global impact
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Handelsblatt
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Published
18 minutes ago
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gasoline
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Sina Schuldt
ADAC
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dpa
Handelsblatt
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Germany
USA
Iran
diesel
fuel prices
adac
oil price
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