The price difference between European gasoline and crude oil has reached the largest single-week increase in history.

date
21/04/2026
The price difference between gasoline and crude oil has reached the largest single-week increase in history, which is good news for refining companies that have been under pressure due to the high oil prices caused by the Iran war. In the northwest region of Europe, the price difference between gasoline and crude oil has risen to more than $17 per barrel on Friday, up about $25 from a week ago, marking the largest increase recorded by the general index since the end of 2010. This significant increase comes after a period of significant decline in recent weeks. The large fluctuations in gasoline prices are mainly due to significant changes in the cost of physical crude oil. At the beginning of April, Brent spot prices hit a record high, causing the price difference for gasoline to turn negative. Now, as crude oil prices have fallen, gasoline prices are once again showing an upward trend relative to Brent spot prices.