• Germany edition
 
Petrol prices surge to record highs
Photo: DPA

Petrol prices surge to record highs

Published: 20 Feb 2012 15:03 GMT+01:00
Updated: 20 Feb 2012 15:03 GMT+01:00

Standard Super E10 gasoline rose to €1.64 per litre on Monday while the more widely purchased premium E-5 gasoline was at €1.67, Aral reported.

While diesel has not reached its record high from the summer of 2008 of €1.55, it is at €1.53 per litre and approaching the high quickly.

Amid uncertainty in oil-producing Iran and weakening European economies, oil prices have been on the rise over the past few months, driving up petrol prices.

The relative weakness of the euro is also hurting consumers because oil products are typically paid in US dollars.

As oil prices rose in spring 2011, European consumers were largely protected because the euro was trading at nearly 1.50 to the dollar. But the euro-to-dollar exchange rate has since dropped to about 1.33, hurting European consumers.

Prices are only likely to keep going up in the near term because of increasing demand for oil around the world. Market prices tend to increase in Europe in spring as “driving season” begins.

The Local/DPA/DAPD/mdm

The Local (news@thelocal.de)

Don't miss...X
Left Right

Your comments about this article

16:25 February 20, 2012 by Murkan Mike
Gas and diesel has never been as cheap as it is at the moment. What makes it SEEM expensive is government taxes, and the inflated (where do you think greek bailout money is coming from?) Euro. Based on comparative prices to gold, silver or other commodity metals, gas has never been as cheap as it is right now. If the EU 1,64 scares you, then ask yourself if you are geting a value with the added tax. In other words, would you like to continue having a socialist government taking care of you from the cradle to the grave (I don't want that) or would you like to have a booming economy and cheap gas, heating oil, food, houses, cars, and enough money left over to take care of yourself.
17:16 February 20, 2012 by Englishted
@Murkan Mike

I don't know where you are when you wrote your comment ?.

But in German,France and the U.K. there is not a socialist government in power,

so what you want is? .

Look at the profits the oil companies make and speculators playing with people's lives just to grab a quick buck ,maybe a proper socialist government could help the normal hard working population that at the moment is being ripped off by all and sundry.
19:38 February 20, 2012 by carlm
Komrade Englishted, you're funny if you don't think Germany, France and the UK are socialist governments. Very funny. You might want to do some research on what it means to be socialist.

And anyone who faults oil company and speculator profits is definitely a kommunist. Unlike socialist governments, businesses and speculators compete for profits which means when they earn them they're typically doing something right. Profitable business and speculators create wealth, jobs and tax revenues, things that government can't.

Komrade.
19:58 February 20, 2012 by The-ex-pat
German petrol prices have hit record highs and look set to crack €1.70 per litre, according to the Aral petrol company.

Aral, the most expensive petrol station in Germany and the only reason it will tip €1.70 is due to Aral's greed. I have just com back from town. Our ring road has the main players on it. ESSO Diesel €1.54, Jet €1.53, Aral.........€1.65! These stations are all within 100 metres of each other. Odd thing is, Aral was just as packed as the others. Conclusion, German's really don't care what the price of fuel is....complain on one hand and can't be bothered to drive 100 metres to act on the complaint......sad
03:20 February 21, 2012 by taiwanluthiers
Please don't say communist... there has never been a true communist country/society/political parties in history, and there likely never will.

All so called communist countries or political parties are in reality socialist.

In a true communist society, there would be no currency, as all resources would be shared equally. A good example would be United Federation of Planets in Star Trek, which is actually a true communist government.

In a socialist economy all economic decisions would be made by the government, and industries are controlled by them to enforce those decisions. The people's need would also be met by the government... So that's what the USSR, DDR, etc. were.

But things like social welfare is actually a socialist thing too... in a true capitalistic society the government plays NO role in the economy, but leaves it to the market to sort it out.

In either extremes, a fully socialist society the government will have absolute power, but in a fully capitalistic society a monopoly will form. China today is actually far more capitalist than even the USA.
11:48 February 21, 2012 by 1TruthTeller
Well, this is evidence of blowback. How arrogant Western powers are, when seeking to impose what amounts to a blockade on Iran, that country simply says, "You're not going to buy our oil? Whatever! We're not going to sell you oil!" Stupid people in government just didn't think it through, now did they?

The corporate media have been given their orders to throw the focus back on to Iran.

Here is a recap of what these bozos are trying to make you forget.

1. Couple of years back, Rose Gottemoeller, an assistant secretary of state and Washington's chief nuclear arms negotiator, asked Israel to sign the Nuclear Non-Proliferation Treaty. Israel refused.

2. The United Nations passed a resolution calling on Israel to sign the Nuclear Non-Proliferation Treaty and to submit to inspections. Israel refused.

3. The IAEA asked Israel to sign the Nuclear Non-Proliferation Treaty and to submit to inspections. Israel refused.

4. Iran's formal notification to the IAEA of the planned construction of the backup fuel-rod facility underscores that Iran is playing by the rules of the Nuclear Non-Proliferation Treaty which Iran has signed.

5. Iran allows IAEA inspections of all its facilities.

6. Contrary to face-saving claims, it appears that the US and Israel were both caught off guard by Iran's announcement of a planned underground (to avoid being bombed) enrichment facility. The reasoning is simple. Had the US or Israel announced the existence of he new facility before Iran's notified the IAEA, it would have put Iran on the defensive. As it is now, the US and Israel seem to be playing catch up, casting doubt on the veracity of Israel's claims to "know" that Iran is a nuclear threat.

7. The IAEA and all 16 United States Intelligence Agencies are unanimous in agreement that Iran is not building and does not possess nuclear weapons. This was reaffirmed in a letter to Obama in November 2011.

8. In 1986, Mordachai Vanunu blew the whistle and provided photographs showing Israel's clandestine nuclear weapons factory underneath the reactor at Dimona.

9. Israel made the same accusations against Iraq that it is making against Iran, leading up to Israel's bombing of the power station at Osirik. Following the invasion of 2003, international experts examined the ruins of the power station at Osirik and found no evidence of a clandestine weapons factory in the rubble.

10. The United Nations released the Goldstone Report, a scathing report which accuses Israel of 37 specific war crimes and crimes against humanity in Gaza earlier this year. Israel has denounced the report as "Anti-Semitic (even though Judge Goldstone is himself Jewish), and the United States will block the report from being referred to the War Crimes Tribunal at the Hague, thereby making the US Government an accessory after-the-fact.

And now this march to war. Fool us once....
13:18 February 21, 2012 by Antone
Israel will go away on the last day, not a moment sooner. It was wrong for the Israelis to take land from the Palestinians. The Jews should have been given a large parcel of Germany in 1945. Lord knows the Jews deserved German land. After all German land is steeped in Jewish Blood and that fact can never be erased. The Arab world will never forgive the Jews for invading and taking Palestine. I think the Germans are still in debt to the Jewish people and will be for a very long time. Does boiling your tap water take out the Jewish taste?
Today's headlines
German squad leaves out one-legged long jumper
Markus Rehm. Photo: DPA

German squad leaves out one-legged long jumper

German athletics officials said on Wednesday they would not nominate the country's long jump champion Markus Rehm for the European championships because of fears his prosthetic leg gives him an unfair advantage. READ  

Second man arrested after synagogue attack
The synagogue on Tuesday after the attack. Photo: DPA

Second man arrested after synagogue attack

Police arrested a second suspect on Wednesday in connection with an attempted arson attack in which Molotov cocktails were thrown at a synagogue in western Germany. Another man who said he was Palestinian has denied involvement. READ  

German women fall short of equality
Still a man's world: women in Germany find it hard to rise as high as Defence Minister Ursula von der Leyen. Photo: DPA

German women fall short of equality

Women in Germany are still underrepresented in leadership jobs and among professors, a new government report said on Wednesday. They are also paid less and remain unlikely to study science, technology, engineering or mathematics. READ  

The Local List
Five reasons to visit (and to avoid) Oktoberfest
Photo: DPA

Five reasons to visit (and to avoid) Oktoberfest

With just over 50 days to go until Munich's Oktoberfest starts, it is time to book your train/plane/horse to the world’s biggest beer festival. Or is it? The Local List looks at five reasons you should be making that trip, and five why you'd better steer clear. READ  

Visa chaos hits Bayern Munich's USA tour
Karl-Heinz Rummenigge. Photo: DPA

Visa chaos hits Bayern Munich's USA tour

Bayern Munich boss Karl-Heinz Rummenigge is among the club's staff and players who could not join a week-long tour to the USA on Wednesday because of visa problems. READ  

Dead TV star replies to SPD party invite
German actress Renater Küster with a statue of her late husband Dieter Hildebrandt. Photo: DPA

Dead TV star replies to SPD party invite

The Social Democrats (SPD) accidentally invited a dead TV star to attend its summer party. It got a shock when the veteran presenter replied saying, "I can't make it". READ  

Father killed in 'Cold Water Challenge'
The digger tipped over. Photo: DPA

Father killed in 'Cold Water Challenge'

A father died and five of his friends were injured on Tuesday night in western Germany when a digger fell on top of them during a so-called Cold Water Challenge. READ  

Huge Bavarian crop circle puzzles crowds
Raisting crop circle. Photo: DPA

Huge Bavarian crop circle puzzles crowds

A mysterious crop circle in Bavaria has attracted thousands of visitors since it was spotted in a wheat field last week. READ  

German siblings killed by drunk driver in Austria
Photo: DPA

German siblings killed by drunk driver in Austria

A ten-year-old girl and her 21-year-old brother were killed overnight in a road accident on the A1 motorway in Upper Austria, caused by a drunk driver who was driving on the wrong side of the road. READ  

Merkel: Russia sanctions were 'inevitable'
Merkel warned further sanctions could be imposed against Russia. Photo: DPA

Merkel: Russia sanctions were 'inevitable'

Strong sanctions imposed by the EU against Russia over its role in the Ukraine crisis were “inevitable”, Chancellor Angela Merkel claimed on Tuesday night, despite Germany's initial reluctance to get tough on President Vladimir Putin. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Photo: DPA
Analysis & Opinion
Have Your Say: Should Germany legalize cannabis?
Photo: DPA
Education
Germany's students fail to graduate in time
Photo: DPA
Gallery
Hamburg harbour lit up in blue
Business & Money
JobTalk: 'Application process is failing'
Photo: Bundesarchiv/Bild 183-S45825
Culture
Germany puts 700,000 WWI docs online
Photo: DPA
Society
This man wants to give all of us €12,000 a year
Photo: DPA
Education
Top university switches master's courses to English
instagram.com/gotzemario
Gallery
Germany's World Cup stars share their holiday photos
Travel
Plans unveiled for bike trail along former Iron Curtain
Photo: DPA
Gallery
The Local List: 12 best words in German
Photo: DPA
Gallery
German Bucket List: How many of these can you tick off?
Photo: Europeana.de 1914 - 1918
Gallery
A German soldier's life behind WWI lines
Education
Raising the bar for law & business in Germany
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
Photo: DPA
Features
The Local List Archive - Your guide to all things German
National
Share news tips with The Local Germany
Sponsored Article
Bilingual school turning education on its head
Sponsored Article
CurrencyFair: Why it pays when making overseas transfers
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,254
jobs available
Toytown Germany
Germany's English-speaking crowd