Russia now depends on imported gasoline after official confirmation from the Russian government. Severe fuel shortages have spread across regions, including Crimea and Central Asia. Local petrol pumps are emptying quickly, leading to violent clashes at petrol stations. Authorities are detaining people who complain about the severe fuel supply issues.
European gasoline prices are trending upward. S&P Global reported that local distribution issues and robust margins caused the price increases. Meanwhile, MotorTrend reported on a fresh technology for cars that aims to deliver synthetic gas for under $5, aiming to provide a eco-friendly fuel alternative.