Refined Fuel Prices Stay Elevated as Crude Falls Below $75 on Russia-Ukraine Escalation
Updated
Updated · Bloomberg · Jul 13
Refined Fuel Prices Stay Elevated as Crude Falls Below $75 on Russia-Ukraine Escalation
1 articles · Updated · Bloomberg · Jul 13
Summary
$75 crude has not translated into cheaper fuel, with gasoline, diesel and jet fuel still priced as if oil were above $100 a barrel.
Recent escalation in the Russia-Ukraine war is driving that disconnect, creating a fresh supply headache even as the Iran conflict's impact on crude has eased.
That gap matters beyond oil markets because households and businesses buy refined products, not crude, making fuel costs more important for inflation and interest-rate expectations.