Fuel prices continue to rise: E10 and diesel at record levels
Ongoing uncertainty in the Middle East is driving up fuel prices in Germany.
Quick Look
- Fuel prices in Germany are rising massively as a result of the Middle East conflict.
- E10 costs an average of 2.25 euros, diesel 2.38 euros per liter.
- There is no end to the spiral in sight.
AI-generated summary
Why It Matters
Escalating conflict in the Middle East and attacks on oil infrastructure are driving up crude oil prices.
The ongoing uncertainty in the Middle East has pushed fuel prices further up. At the beginning of the week, according to ARD data, drivers pay an average of 2.25 euros for a liter of premium E10 gasoline - an increase of eleven cents compared to the end of August.
A liter of diesel cost 2.38 euros per liter this morning, 20 cents more than two weeks ago. This is the result of the SWR data analysis of all fuel prices at around 15,000 German gas stations.
On Sunday, according to the comparison portal "Clever tanken", the nationwide average prices peaked at around 2.42 euros for a liter of E10, a liter of diesel even cost 2.55 euros. And there is no end in sight to the price spiral in Germany.
On the contrary, the escalating conflict in the Middle East is ensuring that crude oil prices remain high - which drivers and buyers of heating oil will immediately feel. On Friday night, the price for a barrel of the North Sea reference Brent variety had risen towards $110. Currently around 107 dollars are paid.
What can drivers do?
Drivers have no choice but to try to take advantage of price fluctuations as much as possible. Fuel prices may only be increased once a day at 12 noon. The prices are often cheapest in the late morning, shortly before the new prices - so it might be worth taking a quick look.
But the high fuel prices also have other consequences. More and more consumers are interested in electric cars, sales of which have recently increased significantly. This is also fueled by the fact that Chinese suppliers in particular are increasingly pushing into the German market, which is causing the high prices for electric cars to crumble.
Important oil pipeline in Saudi Arabia attacked
The background to the latest surge in oil prices is the war between Saudi Arabia and the Yemeni Houthi rebels, who are close to Iran - which is geographically taking place on the other side of the Arabian Peninsula. To avoid the closure of the Strait of Hormuz, Saudi Arabia has increased shipping through its ports on the Red Sea and is using the east-west pipeline across the country.
What to Watch
AI outlook — possibilities, not facts
Persistently high fuel prices in Germany
Likely · Within weeks
Open Questions
- How long will oil prices stay at these high levels?
- Are politicians intervening with relief measures?
