“Corporations do not pass on lower oil prices”

Even if gasoline prices have fallen slightly again in the past few days, they remain high. Why actually?

Refueling remains expensive.

FAccording to the German automobile club ADAC, drivers currently have to pay an average of 1.542 euros for a liter of Super E10 and 1.452 euros for a liter of diesel. For both types of fuel, this was apparently a slight decrease compared to the high of last Sunday, but compared to the previous week an increase of 0.5 cents for diesel and a price stagnation for Super E10.

The ADAC reiterated its assessment that the oil companies would not have passed the price cuts on the crude oil market on to motorists and that the difficulties with the low water levels on the Rhine and its tributaries did not justify the high gasoline prices. “The ADAC considers the nationwide pricing at the petrol pumps to be clearly excessive,” said the association. It is true that the low water, which makes the transport of crude oil and finished fuels more expensive, has to be taken into account when assessing the market.

However, drought and drought had prevailed in the affected areas for months, while a significant price increase at petrol stations across Germany only became apparent at the beginning of October. “At that time, crude oil had already exceeded its annual high of 85 dollars for a barrel of Brent crude, and the barrel has now dropped to below 70 dollars,” reports ADAC. “The oil companies have not passed this development on to consumers.” However, oil companies and the Mineral Oil Industry Association deny this and point to higher transport costs, which would have even led to lower margins at the filling stations.