The storage facilities are full, so why is the price of gasoline rising so rapidly?
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Rising Fuel Costs Despite Full Oil ReservesFuel prices in Germany surged quickly after the Iran conflict began, even though oil deliveries take days and storage tanks remain full.
Key FactsMar 4, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: schwaebische.de
Summary created with AI assistance · Source: schwaebische.de
- Recent fuel price hikes are not directly caused by the Iran conflict or oil price changes due to delivery delays and sufficient stock levels.
- Oil companies are exploiting market fears to raise prices, benefiting from drivers' concerns about potential further increases.
- Prices are based on anticipated future costs and are pushed higher by increased demand, including panic buying and stockpiling.
- The ADAC cautions against storing fuel at home, as it is dangerous and exacerbates the cycle of rising prices.
What we’re experiencing is a marketing ride on the fear wave that is currently washing over us from Iran and the Gulf of Hormuz.— Herbert W. Rabl, spokesman for petrol station tenants and owners in Germany, told NDR
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