Gerrard said the stupid myopic decision over Frank Lampard's disallowed goal was a disappointing one but refused to use it as an excuse and admitted Germany deserved to win yesterday.
"There were big key decisions in the game, at 2-1 we had a goal disallowed," said the Liverpool and England captain.
"At 2-1 we were hurting them and we were still in the game.
"I think it (the disallowed goal) had an effect but we cannot use that as an excuse with being beaten 4-1.
"That would have been a big goal for us. It's all ifs and buts. Germany are a fantastic team and they deserved their win.
"You go away and you have a think about what went wrong and why we didn't progress further in the tournament.
"As a team we've made a big mistake today and we've been beaten by a good team.
"They were more clinical in front of goal and they made less mistakes than us and we got punished for that today."