Politics and psychology: Petrol prices in Germany fall after US elections
A domino effect at Germany's petrol stations: Following the US parliamentary elections, hopes are rising for an end to the Iran war. Oil prices are falling - and with them, fuel prices for motorists.
The prices of petrol and diesel in Germany have decreased, with Super E10 petrol averaging 1.949 euros per liter and diesel averaging 2.188 euros per liter nationwide on Thursday. This drop is attributed to the outcome of the US midterm elections, which saw the Republican Party of President Donald Trump lose. The loss raised hopes that the Iran war, initiated by Trump, may come to an end, causing a decline in crude oil prices.
However, Trump has since dampened these hopes, causing the crude oil price to rise to 93 dollars per barrel of Brent.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
