... weakened dampener. Concurrently, high oil prices sustain the revenues of oil companies, partly compensating for their limitations in the domestic fuel market. Gas. The natural gas market follows its own trends. European gas prices stabilized in 2025 after crisis peaks in 2022, and domestic Russian prices remain comparatively low for end consumers due to state regulation. Therefore, the increase in gasoline prices is not directly connected to gas prices. However, gas plays a role as an alternative energy ...

... by the end of the season, unless there are any unforeseen events," Skryabin emphasized. At the same time, Tereshkin pointed out that the cost of gas in Europe is still below the multi-year highs reached in 2022 during the peak of the energy crisis. For example, in November 2022, the average gas price at the TTF hub was $1,279 per thousand cubic meters. "Prices are unlikely to return to those levels. First, EU countries have significantly reduced gas imports in recent years. According ...

... 3.1 trillion rubles, which is comparable to the planned budget deficit for 2024, which is 3.3 trillion rubles. However, oil producers still cannot keep gasoline prices in line with inflation, which marks a key difference between the current fuel crisis and last year's. Last year, the trigger for the price increase was the Finance Ministry's attempt to "halve" the damper, after which oil producers, in order to compensate for losses, raised exchange prices, which prompted the regulator ...

... June, only correcting downward in the 20s of the current month. Moreover, on July 24, AI-95 reached its highest price of the year, reaching 75,296 rubles per ton, close to the historical record of 76,876 rubles per ton set last autumn during the fuel crisis. Following the wholesale price growth, retail prices also accelerated. In June, weekly gasoline price growth averaged 0.2-0.4% across Russia, while in July it was 0.5-0.6%, according to Rosstat data. By July 22, gasoline prices had increased ...

... creating a vicious circle in which debt stimulates further increases in spending. 3. Consequences of the COVID-19 pandemic The pandemic has had an unprecedented impact on the global economy, and the United States is no exception. In response to the crisis, the US government has undertaken large-scale support programs for the population and businesses, which included: Direct payment programs to citizens to support purchasing power and stabilize domestic demand. Government loans and subsidies for ...