Overview

• Global crude oil prices have plummeted by 17% since April 2, following new tariffs announced by US President Donald Trump.
• Despite the significant drop in oil prices, German fuel prices have only marginally decreased, with gasoline down just 1.4 cents per liter and diesel by 1.1 cents.
• The ADAC has criticized oil companies for failing to pass on the full benefits of lower crude prices to consumers, urging further reductions at the pump.
• Economic experts warn that the tariffs could lead to a global economic downturn, further reducing oil demand and exacerbating market uncertainty.
• Major financial institutions, including Goldman Sachs and Morgan Stanley, have revised their oil price forecasts downward in response to the ongoing market decline.