... reached equilibrium in 2025. Current quotes for gasoline in the wholesale segment are close to early-year levels and significantly below last year’s peaks. This is supported by relatively cheap oil (around $70 compared to >$100 a year ago) and successful redirection of refined product imports: the EU has established stable diesel supplies from the Middle East, Asia, and the U.S. instead of relying on Russian volumes. As expensive fuel shipments purchased by European importers last winter are ...