Ever had last oil as cheap as since 1981 no longer, if the inflation is taken into account. This was announced by the Petroleum Industry (MWV) on Friday in Berlin. One barrel (159 liters) of North Sea Brent had cost 73.79 euros on average over the past year and thus less in real terms than in 1981 with 79.60 euros. At the end of 2014, the price had fallen to 49 €.
“For the forecasts which demonstrate that the oil resources must be increasingly scarce and expensive,” said MWV chief executive Klaus Picard. The proven oil reserves have increased to 240 billion tons since 2000 by 70 percent. Reason is technological progress both in finding and in the promotion of previously difficult exploitable oil fields. “Oil is abundant. The higher supply has meant that oil inflation-adjusted costs no more than three decades ago, “Picard.
Still said oil prices were significantly lower in the meantime, however, in the late 80s and into the 90s. At that time the price fluctuated real 20-30 euros.
Oil continued in 2014, the most important energy source in Germany. The oil’s share of primary energy consumption actually increased from 33.7 to 35.0 percent. The energy consumption is total – declined by 4.8 percent to 446.5 million tonnes of coal equivalent (tce) – also because of the mild winter. That was the lowest level since reunification, reported the Working Group on Energy Balances. However, the oil consumption fell by only 1.3 percent to 156.2 million tonnes of coal equivalent.
The sales of fuels increased by four percent in diesel and two percent for gasoline. This could be explained by a high diesel consumption in the transport sector and increasing demand of private drivers in the last months of the year, when prices were already low. Motorists 2014, according to the ADAC tanked as low on average, most recently in 2010. The sharp decline in prices of crude oil have became much cheaper, especially in the second half of petrol and diesel, the auto club said on Friday in Munich. On average, so the price of a liter of super E10 last year 1.493 euros. 2013 were 5.6 cents more – and that was already in the record year of 2012, a decline
At the time, the price of a liter of Super E10 was temporarily climbed to more than 1.70 euros.. Of such trademarks fuel prices in 2014 were far away. Diesel cost 1,350 euros per liter in 2014, therefore, 7 cents less than in 2013. The lowest nationwide average Tanktag recorded ADAC December 31 with 1,281 euros per liter Super E10
But also applied to 2014. Depending on time of day, day of week or region can vary greatly prices. According to earlier information of the MVV falling oil and gas prices have motorists save 2014 a total of around five billion euros on the fuel bill.
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