September Fuel Prices Hitting 2021 Lowest Levels
In the city and district of Offenbach, motorists have been keeping a close eye on gas prices near me, with a significant drop in prices at the pumps in September 2024. However, the future of these prices remains uncertain due to the volatile nature of the oil prices.
According to the analysis by the ADAC, a German automobile association, the first day of September 2024 was the most expensive day to fill up both diesel and Super E10, with diesel costing 1.577 euros per liter and Super E10 reaching 1.691 euros per liter. However, the trend of decreasing fuel prices may continue, with the average price for a liter of diesel in September 2024 being 1.544 euros, comparable to prices in 2021. The average price for Super E10 in September 2024 was 1.650 euros, the lowest level since December 2021.
The cheapest day to fill up diesel in September 2024 was September 18th, with a price of 1.523 euros per liter, while the cheapest day for Super E10 was also on September 18th, with a price of 1.632 euros per liter.
The price for a barrel of Brent crude oil in September 2024 is around 72 US dollars, similar to the end of 2021. The relatively stable euro to usd exchange rate of about 1.11 US dollars in September 2024 also helps to keep fuel prices in check.
While the trend at the pumps in September 2024 may continue depending on international oil prices, a reliable forecast for fuel prices in the future cannot be made due to the unpredictable nature of the oil market.
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In conclusion, while the trend of decreasing fuel prices in September 2024 may continue, it's uncertain due to the volatility of the oil market. Motorists are advised to keep a close eye on gas prices near me and consider subscribing to a newsletter for updates on news from the city and district of Offenbach.