gasoline

The quick read

What's driving the attention

Gasoline shortages and high fuel prices in Russia due to refinery strikes by Ukraine have caused concern among drivers and market watchers.

Recent Ukrainian strikes on Russian refineries have resulted in gasoline shortages in Moscow, with Russian gasoline output covering only 65% of domestic demand. This shortage has pushed drivers in Russia to desperate measures due to fuel scarcity. Despite a drop in crude oil prices and falling oil demand globally, gasoline and diesel prices remain costly, attracting attention from analysts like Carlyle's Jeff Currie.