Fuel Price Debate ADAC Does: "This is Highway Robbery!"

The fuel prices at the pump, since the record highs in early 2012 dropped significantly - but not enough to throw the ADAC before the oil companies. This was "highway robbery". The companies argue.

(AP) It's actually good news for millions of motorists at the start of the first holiday-travel shaft. The fuel prices at the pump since the records in the spring of 2012 dropped significantly - that makes itself felt in the wallet. On Friday (June 22, 2012) was the market leader, according to the price of a liter Aral Super E10 on average at 1.53 euros - an increase of about 18 cents cheaper than at Easter. The variety mostly fueled super E5 could be had for € 1.57, € 1.39 a liter for diesel. However, the ADAC threw the oil companies again against fraud - the petrol prices are too high. The actions of oil companies was "inappropriate and audacious," complained ADAC President Peter Meyer. Like every year to travel the oil companies would exempt the driver, this is "highway robbery". Ever since the spring of the crude oil prices have fallen markedly, by around a quarter to a current about 90 dollars for a barrel of North Sea Brent crude.

The Auto Club, criticized the oil companies would not exploit the full scope for price reductions. The current pump prices are at least four cents too high. The Association came in a recent price analysis on an average cost of 1.54 € per liter of Super E10 and 1.40 € for a liter of diesel. Klaus Picard can not hear the ADAC criticism. "The ADAC is assumed that the cars run on oil," thundered the chief executive of the Petroleum Industry. Even if the price of gasoline would be at zero, the ADAC would probably still find a hair in your soup. The fuel price world is not as easy as it represents the ADAC. The pump prices followed the replacement cost of gasoline and these are world market prices. And with regard to the auto club said Picard, "The world is interested in very little market for German holidays."

The wholesale prices of oil products but according to association are subject to many influences, from the weather on the demand of the world's largest consumer U.S., the emerging markets to capacity, utilization and supply issues. The prices would be formed by the usual market processes of supply and demand. Another factor is the euro exchange rate. If the euro is not as weak as it currently stands, the fuel prices were cheaper. Because oil has to be paid in dollars - the more dollars a German oil trader for a given €, the cheaper it is for the consumer. 2011, there were still $ 1.45 for one euro, in June 2012 it is only $ 1.25. Then there are the taxes.

In an EU comparison Germany lay with the fuel prices - no taxes - ranked 22, only five countries had lower prices, said Detlef Brandenburg, spokesman for the Aral petrol station market leader. With taxes rangiere Germany at number eleven. "For the taxes we can not do anything." The most expensive the car drivers in the EU is just one of the most popular holiday destinations - in Italy.



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