It pays to be quick: Refueling has never been so cheap in years!

After long increases, fuel prices are falling again. Motorists benefit from this, because the price of unleaded 95 sometimes drops below 1.56 francs.

Owners of combustion cars can rejoice. The price of gasoline has fallen to a level we haven’t seen in a long time. “Prices have never been this low since November 2021, during the Corona crisis,” a gas station operator tells “20 Minuten”.

TCS spokesperson Vanessa Flack confirms: while the war in Ukraine had caused prices to soar, the current price of a liter of unleaded 95 is 1.72 francs, that of unleaded 98 is 1.83 francs and that of diesel of 1.80 francs.

In some cases, gasoline costs even less. Ramon Werner, CEO of Volenergy, the parent company of Ruedi Rüssel, tells blue News: “Our lowest price at Ruedi Rüssel is currently 1,559 for unleaded and 1,609 for diesel. “So we’re seeing prices as low as they haven’t been in a long time.”

It was in June 2022 that motorists had to pay for a liter of gasoline. At the time, a liter of unleaded 95 cost 2.25 francs. If we compare with the current low price of 1.56 francs per liter, this makes a difference of around 0.70 francs – which corresponds to a reduction of around 31%.

However, market volatility is enormous: “When the first missiles were fired from Iran towards Israel this week, the price of crude oil jumped within minutes. We feel the uncertainty in the world and I would not be surprised if we saw prices rise again at the pump,” explains Werner.

We must not forget that the world is particularly turbulent at the moment. Wars can cause the price of gasoline to rise significantly. ZKB chief strategist Manuel Ferreira, on the other hand, told “20 minutes” that these were only limited repercussions: since the arrival of Israeli ground troops in Lebanon and the missile attacks of the Iran versus Israel, the price of crude oil would have increased by 5%.

But this increase only reflects the fear that the supply of Iranian oil will disappear. It is certainly conceivable that Israel will take retaliatory actions against Iran. But none of the great powers have any interest in further escalation. We should therefore not expect a further rise in energy prices and therefore inflation.

Crude oil remains low

Iran is a major energy exporter. The Islamic Republic accounts for up to four percent of global crude oil production and exports. However, the majority is destined for Asia, which is why the direct dependence of Western countries is low. This reduces the risk of a sudden and widespread halt to imports.

“Supply flows remain intact. In addition, the price of oil has recently suffered from a weakening of demand linked to the economic situation,” explains Ferreira.

Crude oil remains at a relatively low level. In September, the price of a barrel of Brent North Sea oil briefly fell below $70 for the first time since 2021 and is currently at $72.