Saturday, June 20, 2026

Heating oil prices have almost doubled


SecondThere is a debate about when is the best time of the year for homeowners Heating oil Should stock up. Many people habitually do this in autumn, when the weather gets colder and the heating season begins. If others talk to themselves, then everyone will buy it. They prefer to order their oil in the summer, hoping it will be cheaper at least. But because too few people think so, heating oil is often not so cheap in summer. For many years, the cheapest way to travel has been to order heating oil at the end of December or January, when most of them are already in stock and have not yet been reordered.

Heating oil prices have risen 81% since September

This year has something special, as the Internet portal Check 24 concluded in a small survey.due to Coronavirus pandemic Last year, sometimes crude oil prices were unusually cheap, because industries all over the world were in decline and traffic was far less busy than normal. Weak demand has caused crude oil prices to fall. This is why heating oil was particularly cheap in September 2020, but since then the price has risen due to certain fluctuations in the spring, with a total increase of 81%. Statistics show that in September 2020, a German family paid about 770 euros for 2000 liters of heating oil. According to Check 24, from now until July 2021, the average price is 1392 Euros.

Drone attacks on tankers make the oil market cold

It can be seen from the data of the Internet portal Heizoel 24 that there have been certain fluctuations in the past few weeks, and 500 oil traders have reported prices to it. Crude oil prices have fallen for three consecutive days recently because investors in the oil market are worried about the continuation of the corona pandemic. On the other hand, UAV attacks on tankers have no significant impact on oil prices. On Thursday, crude oil prices fluctuated by US$70 per barrel (159 liters) after they were above US$75 in early July. Investment bank Goldman Sachs had predicted that oil prices in the summer months might be around $80.

According to data from the Auto Club, gasoline prices rose again in July compared with June and the end of July ADAC Set a new high during the year. Drivers now pay an average of 1.56 Euros per liter for Super E10 and 1.40 Euros per liter for diesel. Depending on the gas station, city, and time of day, the price may be much higher. The overall price level of gas stations is higher than for many years. The price increase was mainly due to the increase in crude oil prices, but there were also the introduction of fuel carbon dioxide prices and the re-raise of the value-added tax at the beginning of the year. ADAC assumes that the strong demand for gasoline during the holiday travel wave causes fuel prices to rise.



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