Financial expert analyzes: Gasoline prices are rising at the turn of the year, but not as much as expected

Financial expert analyzes: Gasoline prices are rising at the turn of the year, but not as much as expected

According to a report by www.faz.net, Gasoline prices rose at the turn of the year. However, not as much as the higher CO2 price would have suggested.

The prices for gasoline and diesel rose at the beginning of 2024. According to the ADAC car club, fuel prices had previously fallen due to the weak economy, but they increased noticeably at the turn of the year. However, it should be noted that the prices at practically all gas stations fluctuate greatly throughout the day, which is why you cannot simply compare the prices at different times, as the price jump could appear larger than it actually was.

According to the Internet portal Clever Tanken, the daily average price for diesel rose from 1.686 euros on New Year's Eve to 1.70 euros per liter on New Year's Day. Super E10 rose in price on average from 1,713 to 1,728 euros. A price increase was therefore observed at the turn of the year, although this has so far been lower than some expected.

In terms of the market and the financial sector, a greater increase in prices could lead to increased demand for alternative propulsion and more sustainable fuels. This, in turn, could encourage investment in renewable energy and fuel efficiency technologies. Companies operating in these areas could benefit from such a trend.

In addition, a larger price increase could have an impact on consumer spending habits, as higher fuel prices could lead to a reduction in trips and spending, which would impact the economy and retail.

It remains to be seen how gasoline prices will develop in the future and what impact this will have on the market and the financial industry.