Price shock at the start of the vacation: Fuel prices rise dramatically in Austria!

Price shock at the start of the vacation: Fuel prices rise dramatically in Austria!

In Austria, prices for petrol and diesel are dramatically increasing at the beginning of the holiday. According to the arbö since the beginning of June has increased by 4.56 %, during the diesel price even by 7.83 % added. The diesel tariff is currently 1.582 euros, compared to 1.467 euros at the beginning of the month. A price of 1.556 euros is due for Eurosuper.

The main cause of this increase is the escalation of the war in the Middle East, especially the conflicts between the USA, Israel and Iran. This has significantly influenced the crude oil price in the past few weeks. It rose from $ 62.61 per barrel to $ 78.74 on June 19 and is currently $ 69.12. The uncertainty about future price development will depend heavily on the course of the conflict.

price increase in Germany & tips for refueling

Similar to Austria, the fuel prices in Germany also show rapid tendencies. Within a few days, the diesel price rose by 16 cents and the gasoline price by 14 cents, such as Auto Bild reported. At a reference filling station, diesel prices increased from 1.49 euros to 1.65 euros, while Super E10 climbed from 1.62 euros to 1.76 euros.

The ADAC study shows that drivers can save up to 6 euros per tank filling through the right filling in the day. In particular, refueling in the evening or between 7 p.m. and 8 p.m. proves to be advantageous. For the month of May, the ADAC counted an average of eight price peaks per day, whereby the price fluctuations reach a record level.

global influences & security concerns

As a result of the military conflicts between Israel and Iran, such as Süddeutsche , oil prices such as Brent and WTI have temporarily attracted almost 15 %. Water for possible supply bottlenecks, since Iran is an important crude oil exporter, the prices continue to drive up. The conflict could also have an impact on central maritime traffic arteries.

The situation remains tense: Ben Gurion's large airport in Tel Aviv is closed until further notice, while flights in the region are being redirected or deleted. The tourism industry faces challenges, but hopes to experience an upswing again after two years of recession.

The combination of geopolitical tensions and seasonal factors leads to a price shock at the petrol stations, both in Austria and in Germany. Drivers should prepare for further price fluctuations while keeping the tips for cheap refueling in mind.