Record-Breaking Prices: Fuel Prices for Supergasoline and Diesel Have Tumbled to Unprecedented Lows in 2023
Ain't It Peachy? Record Low Fuels This Year
Fueling up your tank just got a whole lot sweeter this year! According to the ADAC's latest weekly price comparison, both E10 gasoline and diesel have hit new lows this year.
E10, the regular gasoline you usually fill up with, dipped by 1.5 cents and is now hovering at an average of 1.672 euros per liter across the country on Tuesday. Diesel, on the other hand, saw a 1.6 cent drop, With an average price of 1.556 euros, making both record lows since December 13 and October 3 of last year.
The ADAC attributes this decline to the drop in oil prices. The club believes there's still room for further reduction, as the lower oil prices haven't been fully passed on to customers quite yet.
In the current market, you could say fuel prices are lower than a cat fishing in a barrel. So, fill ‘er up and enjoy the savings!
As of early May 2025, the price of gasoline is estimated around EUR 1.66 per liter and diesel is reported at EUR 1.585 per liter. These figures were last seen during the COVID-19 pandemic when prices hit record lows.
Wondering what's causing the big drop in fuel prices? It's a combination of factors: global oil prices, taxes and VAT, market demand, government policies, and seasonal variations. However, the switch to E10 gasoline is a step towards reducing emissions rather than a direct price reducer.
So grab some fries with that cheap fill-up, 'cause things at the pump are looking good!
Sources: ntv.de, dpa
Pro tip: E10 gasoline is often referred to as regular or "Super E10." Specific data for E10 might slightly differ but is generally comparable to regular gasoline prices.
Prices are somewhat lower than they were a year ago, reflecting changes in global oil prices and market conditions.
Historically, record low fuel prices were observed during the COVID-19 pandemic with gasoline costing as low as EUR 1.15 per liter.
The shift to E10 gasoline is part of broader environmental policies aimed at reducing emissions.
The Commission, amidst this fuel price decline, has also proposed a directive on the labeling of foodstuffs in the industry, to help consumers make informed decisions regarding their finances, as they enjoy the savings at the pump. The labelling of foodstuffs will be aligned across the Member States, moving towards a more efficient and sustainable energy future.
