economy
March 13, 2026
PANIC AT GAS STATIONS DUE TO GASOLINE SHORTAGE: Prices change hourly, no one knows WHAT WILL HAPPEN TOMORROW
Although the European Commission claims that the supply is not threatened, many countries are struggling with rising prices of oil derivatives.
TL;DR
- Europe faces a growing fuel crisis with soaring oil prices due to Middle East conflict.
- Crude oil prices are above $100 per barrel, directly increasing fuel costs across Europe.
- Austria and Germany are restricting fuel price changes, while Greece is reducing margins.
- The conflict in the Middle East impacts oil supply through the Strait of Hormuz.
- 30% of Europe's kerosene supply depends on shipments from the Persian Gulf, causing supply issues.
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