Gasoline became 32 percent cheaper, diesel is 77 percent more expensive than before the war

Global crude oil prices fell 32% over five weeks, dropping from $136 to $93 a barrel, but the sharp decline has not translated proportionally to refined fuel markets. According to the International Energy Agency's November 13 report, European diesel prices have eased only 11% from their peak and remain 77% above pre-war levels. Refinery capacity constraints and a tightening supply of refined products are the main obstacles preventing a parallel drop in pump prices. The divergence matters because it keeps fuel costs elevated for households and businesses even as headline crude benchmarks retreat. Next, watch refinery utilization rates and refined-product inventories for signs of relief in diesel markets.