Significant increase in gasoline prices in Germany

International Group Report Tasnim news agency, the German newspaper “Wirthschaftswohe” wrote in an article: “For several weeks, gasoline has become very expensive in Germany, and drivers should Pay a lot for it. The question arises as to what is behind it and when is the best time to fill up their car’s tank.

This report further states: Gasoline prices at gas stations are increasing and peaking. arrive As ADAC analysis shows, a liter of Super E10 currently costs €1,866 on average across the country. Compared to gasoline, diesel is slightly cheaper, according to ADAC, a liter of this fuel now costs 1.745 euros.

ADAC advises drivers to go to the gas station in the evening. Reviews have shown that the cheapest time to refuel is between 8pm and 10pm, but prices are also particularly low between 6pm and 7pm. According to ADAC, refueling in the morning hours is usually several euros more expensive.

Of course, despite the increase in gas station prices, German gasoline consumption has also increased: accordingly, domestic deliveries of gasoline last year amounted to 17.3 million It has been tons. That was 416,000 tonnes more than the previous year, an increase of almost 1.1 million tonnes compared to the corona-related low point in 2020. These statistics are obtained from the official data of the Federal Office of Economics and Export Control (BAFA).

The Federal Environment Agency attributes the development of gasoline consumption primarily to the increase in mileage last year.

The Munich Ifo institute sees several possible factors for this situation, and the increase in traffic volume is also mentioned here. In addition, switching from diesel to petrol can be significant as a result of driving bans and reducing the financial advantage of diesel cars. According to economic researchers, there are now more heavy vehicles with gasoline engines.

In this way, ADAC explains this situation, among other things, by increasing the number of registered vehicles with gasoline engines. Most hybrid cars should also be included in these categories. When it comes to new registrations, including hybrids, cars with gasoline engines, especially new ones, tend to get higher mileage, which ultimately results in higher overall fuel consumption.

ADAC He considers the increase in the price of oil to be the main reason for the current increase in the price of gasoline. Accordingly, the fact that diesel is less affected is likely due to the nearing end of the heating season and generally weaker demand. In the spring, it is often observed that the price of diesel is reduced compared to gasoline.

The price of oil has increased sharply since the beginning of March. During this period, Brent oil has become more expensive by about 9%. In addition to the tense geopolitical situation in the oil-rich Middle East region, the pricing policy of the OPEC+ oil network, which includes cartel member countries as well as other producing countries such as Russia, is also an important price driver. OPEC+ last decided to stick to production cuts in the first half of the year at the beginning of April.

end of message/