Filling up with Petrol Is Just as Expensive as 10 Years Ago: Prices Are Rising, but Fortunately so Are Our Wages.

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Belgian wages have risen by roughly the same amount as the price of petrol over the past 10 years. On Tuesday, the price rose to its highest level since July 2022. The conflict in the Middle East could still cause shocks to oil prices in the short term, but lower prices seem possible in the longer term.

epochtimes.de

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Price increases for oil and gas have occurred frequently throughout history: in 1973/74, during the oil crisis of 1979/80, the financial crisis of 2008/09, and also at the beginning of the war in Ukraine. Only the COVID-19 pandemic was different. At the start of the war in Ukraine, fuel prices rose more sharply than they do today.

berliner-sonntagsblatt.de

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Current price increases for energy products compared to the previous year are in some cases as high as those seen during earlier oil crises and global economic crises. However, they were significantly higher immediately after the start of the war against Ukraine four years ago. This is shown by a comparative analysis by the Federal Statistical Office (Destatis) of the development of prices for crude oil and refined petroleum products, as well as…