Fuel prices in Germany hit record high amid Iran conflict

fuel prices Super E10 Iran conflict energy crisis ADAC

Fuel prices in Germany have reached new heights, with Super E10 gasoline hitting a nominal record average of 2.215 euros per liter. This increase is largely attributed to the escalation of the conflict between the United States and Iran, which has driven up global crude oil prices. Additionally, low water levels on the Rhine have contributed to higher fuel transport costs.

While Brent crude oil prices have remained relatively stable around 95 dollars per barrel, the ADAC notes that high fuel prices in Germany cannot be explained by global oil prices alone. The organization suggests that corporate policies and other factors are also driving the costs. In Belgium, similar trends are observed, with diesel and gasoline prices seeing significant increases.

In the energy sector, Eon CEO Leonhard Birnbaum warned that natural gas prices could remain high for at least two years due to the ongoing Iran conflict. He anticipates that Europe will need to rely on the short-term liquefied natural gas (LNG) spot market to meet its needs, which may impact industrial consumers. Despite these tensions, Eon has assured customers that it has secured sufficient quantities to ensure supply through the upcoming winter heating season.

Entities

ADAC · Donald Trump · EON · Germany · Iran · Leonhard Birnbaum · Rhine · S&P Global · United States

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Inflation rose to 2.9 percent in August due to the conflict in Iran. www.rbb24.de
[DISPUTED] The German government has rejected a new implementation of fuel discounts. www.rbb24.de · www.dk-online.de · www.nrz.de · www.noz.de · www.otz.de
[● 16 SOURCES] The previous record for Super E10 was 2.203 euros per liter in March 2022. www.rbb24.de · www.dk-online.de · www.nrz.de · www.noz.de · www.fehmarn24.de · +10 more
[○ 1 SOURCE] The nationwide average price for diesel fell by 1.6 cents compared to the previous week to 2.232 euros per liter. www.t-online.de
[○ 1 SOURCE] The ADAC stated that fuel prices in Germany remain at an excessively high level. www.t-online.de
[DISPUTED] Brent crude oil prices remained relatively constant at approximately 95 dollars per barrel. www.t-online.de · www.faz.net
[● 16 SOURCES] The nationwide average price for Super E10 gasoline reached a nominal record of 2.215 euros per liter on Wednesday. www.rbb24.de · www.dk-online.de · www.nrz.de · www.noz.de · www.fehmarn24.de · +10 more
[○ 1 SOURCE] The price for Super E10 rose by 2.8 cents in the weekly comparison. www.t-online.de
[○ 1 SOURCE] Margins in the European diesel refinery have risen to their highest level in at least 15 years. www.n-tv.de
[● 5 SOURCES] Inflation in August rose to 2.9 percent due to the conflict in Iran. www.dk-online.de · www.nrz.de · www.rbb24.de · www.noz.de
[● 4 SOURCES] Inflation in Germany rose to 2.9 percent in August. www.nrz.de · www.rbb24.de · www.swr.de
[● 7 SOURCES] Low water levels on the Rhine have increased transport costs for fuel. www.dk-online.de · www.zdfheute.de · www.nrz.de · www.rbb24.de · www.noz.de · +2 more