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Why are gasoline and diesel so expensive if crude isn't hitting record highs?Photo by Eduardo Soares on Pexels
Business
Экономика

Why are gasoline and diesel so expensive if crude isn't hitting record highs?

Euronews Portugal5 September 2026 at 06:00

Gasoline and diesel prices are very high, even without crude oil hitting historical highs. This situation may keep fuel prices high in Europe, exacerbating inflation in the region.

The reason for these high prices is not limited to supply or crude oil prices alone. There are other factors contributing to this situation, including the limited existing refining capacity.

Disrupted trade flows also play an important role in this price dynamic. These trade disruptions affect the normal distribution of fuels across markets.

Furthermore, there is a scarcity of finished fuels, especially diesel, which contributes to the pressure on prices. This scarcity of refined products is a key element explaining why consumers face such high prices at the pumps, despite crude oil not being at its peak values.

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