Germany Gasoline prices, 10-Jun-2024

The current gasoline price in Germany is EUR 1.76 per liter or USD 1.89 per liter and was updated on 10-Jun-2024. For comparison, the average price of gasoline in the world is USD 1.23 per liter.
Germany
Gasoline prices
 Current price 1.89
 Measure USD/Liter
 Last update 2024-06-10
 Data availability from 2014-06-30
 Data frequency Weekly


We show Octane-95 gasoline price data for Germany from 2014-06-30 to 2024-06-10. The average gasoline price during that period is EUR 1.49 per liter with a minimum of EUR 1.15 on 2020-04-27 and a maximum of EUR 2.20 on 2022-03-14. Our data are obtained from official government sources, regulatory agencies, petroleum companies, and major media sources. We update the series for Germany every week.


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Gasoline prices
Price (EUR/Liter) Percent change
 Current price 1.76 -
 One month ago 1.81 -2.8 %
 Three months ago 1.79 -1.7 %
 One year ago 1.80 -2.2 %


Our data on: CNN Bloomberg Reuters



Germany Gasoline prices: The last eight weeks

Germany Gasoline prices: The last eight weeks

Germany Gasoline prices, liter, Euro


Germany Gasoline prices: Historical graph; 2014-06-30-2024-06-10
* A long flat line means that the government fixes the prices.
Gasoline prices in Germany are set by the market, i.e. they are not regulated by the government. Therefore, the table below shows a high level of price flexibility: 0.97 and high correlation with Brent prices: 0.9 (1 is the maximum). A 10 % change in Brent prices leads to about 4.46 % increase in gasoline prices based on the last three years of data. That is less than in the U.S. and similar to other European countries.

Gasoline prices in Germany are relatively high: 139.12 % of the world average. However, incomes are also high and it takes only 1.86 % of the average monthly income to fill a 40 liter tank of gas. Germans spend 1.21 % of their income on gasoline which is low and similar to other industrialized countries.

Germany has a fuel price transparency mechanism where each fuel station has to report its prices in almost real time. Many apps use that data to inform the public about prices. In other words, the fuel prices are very transparent.

There is low variation in prices across regions and cities. The standard deviation is less than 3 percent and, therefore, the national average is representative of most of the country.
Germany: Gasoline price analytics
    Value
Percent of world average gasoline price     139.12%
Correlation with crude oil prices     0.90
Percent change if oil prices increase 10%     4.46%
Correlation with USD exchange rate     -0.66
Price flexibility index: 0 (low) - 1 (high)     0.97
Correlation with diesel fuel prices     0.96
Percent of diesel price     106.94%
Cost of 40 liter tank, percent of income     1.86%
Gasoline consumption, percent of income     1.21%
Updated monthly. Methodological notes
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