Fuel Origin

Events / War

Russian invasion of Ukraine (24 February 2022)

Dates
2022-02-24 → no end date recorded
Dated to
the day
Status
Ongoing
Scope
Ukraine

What the sources said

European Council, special meeting of 24 February 2022, document EUCO 18/22: "European Council conclusions on Russia's unprovoked and unjustified military aggression against Ukraine"; "The European Council condemns in the strongest possible terms the Russian Federation's unprovoked and unjustified military aggression against Ukraine." The conclusions are dated and headed 24 February 2022, which is the date recorded here. This row is a timeline marker only; it makes no statement about prices.

IEA, EIA, European Commission, European Council and national legislators (cited per row)Official
Retrieved 2026-09-23 07:22 UTCRevision 1
Source documents (2)
CountryCountryGermanyFranceNetherlandsPolandFinlandEstoniaAustriaBelgiumBulgariaCroatiaCyprusCzechiaDenmarkGreeceHungaryIrelandItalyLatviaLithuaniaLuxembourgMaltaPortugalRomaniaSlovakiaSloveniaSpainSweden
FuelFuelDiesel (automotive gas oil)Petrol (Euro-super 95)Both fuels

Choosing a fuel keeps that fuel's series and the channels shared by every fuel - the crude benchmark, FX, crude imports and Hormuz exposure. It drops only the other fuel's series.

The event window

What each series was worth from -30 to 90 days around the event date, how far that is from the same series' level at the event date, and how big that move is against the series' own normal variation.

Czechia, all fuels in this run. 22 series can be drawn; 7 cannot be seen at all and are shown as labelled empty panels below.

285 published readings, 1 offsets with nothing published within one period, and 91 offsets on series we cannot see at all. Every one of them is on this page.

Europe Brent spot FOB

Unit: $ per barrelPublished: dailyCalculatedOfficial
T0−30−14T0+14+30+60+90126.785.52022-01-25: 89.49 $ per barrel, used for offsets −302022-02-10: 96.37 $ per barrel, used for offsets −142022-02-17: 95.28 $ per barrel, used for offsets −72022-02-21: 98.95 $ per barrel, used for offsets −32022-02-23: 99.29 $ per barrel, used for offsets −1same print as T0 — 2022-02-24, 101.3 $ per barrel, used for offsets T02022-02-25: 98.56 $ per barrel, used for offsets +1, +32022-03-03: 115.4 $ per barrel, used for offsets +72022-03-10: 114.5 $ per barrel, used for offsets +142022-03-25: 122.7 $ per barrel, used for offsets +302022-04-25: 99.27 $ per barrel, used for offsets +602022-05-25: 116.4 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for Europe Brent spot FOB: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-2589.49-11.800-11.65%-2.69
−142022-02-1096.37-4.920-4.86%-1.12
−72022-02-1795.28-6.010-5.93%-1.37
−32022-02-2198.95-2.340-2.31%-0.53
−12022-02-2399.29-2.000-1.97%-0.46
T02022-02-24same print as T0101.30.0000.00%0.00
+12022-02-2598.56-2.730-2.70%-0.62
+32022-02-2598.56-2.730-2.70%-0.62
+72022-03-03115.4+14.070+13.89%+3.20
+142022-03-10114.5+13.250+13.08%+3.02
+302022-03-25122.7+21.380+21.11%+4.87
+602022-04-2599.27-2.020-1.99%-0.46
+902022-05-25116.4+15.120+14.93%+3.44

One volatility unit for this series is 4.34%, the standard deviation of its own day-on-day percentage changes over the three years before the event (767 changes). It is not a significance test.

reported crude oil imports, all origins

Unit: tonnesPublished: monthlyCalculatedOfficial
T0−30−14T0+14+30+60+90678,760433,2402022-01-01: 636,000 tonnes, used for offsets −30same print as T0 — 2022-02-01, 556,000 tonnes, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 457,000 tonnes, used for offsets +7, +14, +302022-04-01: 492,000 tonnes, used for offsets +602022-05-01: 655,000 tonnes, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for reported crude oil imports, all origins: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-01636,000+80,000+14.39%+0.51
−142022-02-01same print as T0556,0000.0000.00%0.00
−72022-02-01same print as T0556,0000.0000.00%0.00
−32022-02-01same print as T0556,0000.0000.00%0.00
−12022-02-01same print as T0556,0000.0000.00%0.00
T02022-02-01same print as T0556,0000.0000.00%0.00
+12022-02-01same print as T0556,0000.0000.00%0.00
+32022-02-01same print as T0556,0000.0000.00%0.00
+72022-03-01457,000-99,000-17.81%-0.63
+142022-03-01457,000-99,000-17.81%-0.63
+302022-03-01457,000-99,000-17.81%-0.63
+602022-04-01492,000-64,000-11.51%-0.41
+902022-05-01655,000+99,000+17.81%+0.63

One volatility unit for this series is 28.27%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

crude-only expected pre-tax price: the T0 bulletin-week price plus what the stored pass-through curves say crude alone would have done since

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30−14T0+14+30+60+901.1850.7032022-01-24: 0.7499 € per litre, used for offsets −302022-02-07: 0.7905 € per litre, used for offsets −142022-02-14: 0.8106 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.8292 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.8609 € per litre, used for offsets +72022-03-07: 0.9643 € per litre, used for offsets +142022-03-21: 1.039 € per litre, used for offsets +302022-04-25: 1.036 € per litre, used for offsets +602022-05-23: 1.139 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for crude-only expected pre-tax price: the T0 bulletin-week price plus what the stored pass-through curves say crude alone would have done since: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.7499-0.079-9.56%-0.26
−142022-02-070.7905-0.039-4.67%-0.13
−72022-02-140.8106-0.019-2.24%-0.06
−32022-02-21same print as T00.82920.0000.00%0.00
−12022-02-21same print as T00.82920.0000.00%0.00
T02022-02-21same print as T00.82920.0000.00%0.00
+12022-02-21same print as T00.82920.0000.00%0.00
+32022-02-21same print as T00.82920.0000.00%0.00
+72022-02-280.8609+0.032+3.82%+0.10
+142022-03-070.9643+0.135+16.29%+0.44
+302022-03-211.039+0.209+25.25%+0.68
+602022-04-251.036+0.207+24.96%+0.67
+902022-05-231.139+0.309+37.32%+1.00

One volatility unit for this series is 37.16%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

crude-only expected pre-tax price: the T0 bulletin-week price plus what the stored pass-through curves say crude alone would have done since

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30−14T0+14+30+60+900.9060.6702022-01-24: 0.6926 € per litre, used for offsets −302022-02-07: 0.7190 € per litre, used for offsets −142022-02-14: 0.7310 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.7423 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.7603 € per litre, used for offsets +72022-03-07: 0.8101 € per litre, used for offsets +142022-03-21: 0.8774 € per litre, used for offsets +302022-04-25: 0.8516 € per litre, used for offsets +602022-05-23: 0.8836 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for crude-only expected pre-tax price: the T0 bulletin-week price plus what the stored pass-through curves say crude alone would have done since: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.6926-0.050-6.69%-3.34
−142022-02-070.7190-0.023-3.14%-1.57
−72022-02-140.7310-0.011-1.52%-0.76
−32022-02-21same print as T00.74230.0000.00%0.00
−12022-02-21same print as T00.74230.0000.00%0.00
T02022-02-21same print as T00.74230.0000.00%0.00
+12022-02-21same print as T00.74230.0000.00%0.00
+32022-02-21same print as T00.74230.0000.00%0.00
+72022-02-280.7603+0.018+2.42%+1.21
+142022-03-070.8101+0.068+9.14%+4.55
+302022-03-210.8774+0.135+18.20%+9.08
+602022-04-250.8516+0.109+14.72%+7.34
+902022-05-230.8836+0.141+19.03%+9.49

One volatility unit for this series is 2.01%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

ECB euro foreign exchange reference rate

Unit: US dollars per euroPublished: dailyCalculatedOfficial
T0−30−14T0+14+30+60+901.1531.0562022-01-25: 1.127 US dollars per euro, used for offsets −302022-02-10: 1.144 US dollars per euro, used for offsets −142022-02-17: 1.137 US dollars per euro, used for offsets −72022-02-21: 1.134 US dollars per euro, used for offsets −32022-02-23: 1.134 US dollars per euro, used for offsets −1same print as T0 — 2022-02-24, 1.116 US dollars per euro, used for offsets T02022-02-25: 1.122 US dollars per euro, used for offsets +1, +32022-03-03: 1.108 US dollars per euro, used for offsets +72022-03-10: 1.108 US dollars per euro, used for offsets +142022-03-25: 1.100 US dollars per euro, used for offsets +302022-04-25: 1.075 US dollars per euro, used for offsets +602022-05-25: 1.066 US dollars per euro, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for ECB euro foreign exchange reference rate: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-251.127+0.011+0.94%+2.37
−142022-02-101.144+0.028+2.47%+6.23
−72022-02-171.137+0.021+1.85%+4.67
−32022-02-211.134+0.017+1.57%+3.95
−12022-02-231.134+0.018+1.62%+4.09
T02022-02-24same print as T01.1160.0000.00%0.00
+12022-02-251.122+0.005+0.47%+1.20
+32022-02-251.122+0.005+0.47%+1.20
+72022-03-031.108-0.009-0.78%-1.96
+142022-03-101.108-0.008-0.71%-1.78
+302022-03-251.100-0.016-1.44%-3.64
+602022-04-251.075-0.042-3.74%-9.42
+902022-05-251.066-0.051-4.54%-11.45

One volatility unit for this series is 0.40%, the standard deviation of its own day-on-day percentage changes over the three years before the event (770 changes). It is not a significance test.

direct crude Hormuz exposure D1

Unit: % of imported tonnesPublished: monthlyUnknownUnknown
T0−30−14T0+14+30+60+9014.440.002022-01-01: 0 % of imported tonnes, used for offsets −30same print as T0 — 2022-02-01, 0 % of imported tonnes, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 0 % of imported tonnes, used for offsets +7, +14, +302022-04-01: 0 % of imported tonnes, used for offsets +602022-05-01: 0 to 12.89 % of imported tonnes. No point estimate is published, so no midpoint is drawn.

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits. The shaded band is the admissible range. No midpoint is drawn, because no point estimate is published.

Window table for direct crude Hormuz exposure D1: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-0100.000not publishednot published
−142022-02-01same print as T000.000not publishednot published
−72022-02-01same print as T000.000not publishednot published
−32022-02-01same print as T000.000not publishednot published
−12022-02-01same print as T000.000not publishednot published
T02022-02-01same print as T000.000not publishednot published
+12022-02-01same print as T000.000not publishednot published
+32022-02-01same print as T000.000not publishednot published
+72022-03-0100.000not publishednot published
+142022-03-0100.000not publishednot published
+302022-03-0100.000not publishednot published
+602022-04-0100.000not publishednot published
+902022-05-010–12.89not publishednot publishednot published

No normal volatility is published for this series, so no change is expressed in volatility units. That is a missing input, not a zero.

direct refined-product Hormuz exposure D2

Unit: % of imported tonnesPublished: monthlyCalculatedLow
T0−30−14T0+14+30+60+901.0000.0002022-01-01: 0 % of imported tonnes, used for offsets −30same print as T0 — 2022-02-01, 0 % of imported tonnes, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 0 % of imported tonnes, used for offsets +7, +14, +302022-04-01: 0 % of imported tonnes, used for offsets +602022-05-01: 0 % of imported tonnes, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for direct refined-product Hormuz exposure D2: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-0100.000not publishednot published
−142022-02-01same print as T000.000not publishednot published
−72022-02-01same print as T000.000not publishednot published
−32022-02-01same print as T000.000not publishednot published
−12022-02-01same print as T000.000not publishednot published
T02022-02-01same print as T000.000not publishednot published
+12022-02-01same print as T000.000not publishednot published
+32022-02-01same print as T000.000not publishednot published
+72022-03-0100.000not publishednot published
+142022-03-0100.000not publishednot published
+302022-03-0100.000not publishednot published
+602022-04-0100.000not publishednot published
+902022-05-0100.000not publishednot published

No normal volatility is published for this series, so no change is expressed in volatility units. That is a missing input, not a zero.

inventory exposure D7: published days of emergency stock cover, carried through

Unit: days of coverPublished: monthlyCalculatedOfficial
T0−30−14T0+14+30+60+9095.1293.882022-01-01: 94.00 days of cover, used for offsets −30same print as T0 — 2022-02-01, 95.00 days of cover, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 95.00 days of cover, used for offsets +7, +14, +302022-04-01: 94.00 days of cover, used for offsets +602022-05-01: 94.00 days of cover, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for inventory exposure D7: published days of emergency stock cover, carried through: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-0194.00-1.000-1.05%-0.32
−142022-02-01same print as T095.000.0000.00%0.00
−72022-02-01same print as T095.000.0000.00%0.00
−32022-02-01same print as T095.000.0000.00%0.00
−12022-02-01same print as T095.000.0000.00%0.00
T02022-02-01same print as T095.000.0000.00%0.00
+12022-02-01same print as T095.000.0000.00%0.00
+32022-02-01same print as T095.000.0000.00%0.00
+72022-03-0195.000.0000.00%0.00
+142022-03-0195.000.0000.00%0.00
+302022-03-0195.000.0000.00%0.00
+602022-04-0194.00-1.000-1.05%-0.32
+902022-05-0194.00-1.000-1.05%-0.32

One volatility unit for this series is 3.29%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled)

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30−14T0+14+30+60+900.7310.4812022-01-24: 0.5049 € per litre, used for offsets −302022-02-07: 0.5307 € per litre, used for offsets −142022-02-14: 0.5419 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.5541 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.6491 € per litre, used for offsets +72022-03-07: 0.7014 € per litre, used for offsets +142022-03-21: 0.7064 € per litre, used for offsets +302022-04-25: 0.6165 € per litre, used for offsets +602022-05-23: 0.6922 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled): value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.5049-0.049-8.88%-1.15
−142022-02-070.5307-0.023-4.22%-0.55
−72022-02-140.5419-0.012-2.19%-0.29
−32022-02-21same print as T00.55410.0000.00%0.00
−12022-02-21same print as T00.55410.0000.00%0.00
T02022-02-21same print as T00.55410.0000.00%0.00
+12022-02-21same print as T00.55410.0000.00%0.00
+32022-02-21same print as T00.55410.0000.00%0.00
+72022-02-280.6491+0.095+17.15%+2.23
+142022-03-070.7014+0.147+26.58%+3.45
+302022-03-210.7064+0.152+27.49%+3.57
+602022-04-250.6165+0.062+11.26%+1.46
+902022-05-230.6922+0.138+24.93%+3.24

One volatility unit for this series is 7.69%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled)

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30−14T0+14+30+60+900.7310.4812022-01-24: 0.5049 € per litre, used for offsets −302022-02-07: 0.5307 € per litre, used for offsets −142022-02-14: 0.5419 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.5541 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.6491 € per litre, used for offsets +72022-03-07: 0.7014 € per litre, used for offsets +142022-03-21: 0.7064 € per litre, used for offsets +302022-04-25: 0.6165 € per litre, used for offsets +602022-05-23: 0.6922 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled): value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.5049-0.049-8.88%-1.15
−142022-02-070.5307-0.023-4.22%-0.55
−72022-02-140.5419-0.012-2.19%-0.29
−32022-02-21same print as T00.55410.0000.00%0.00
−12022-02-21same print as T00.55410.0000.00%0.00
T02022-02-21same print as T00.55410.0000.00%0.00
+12022-02-21same print as T00.55410.0000.00%0.00
+32022-02-21same print as T00.55410.0000.00%0.00
+72022-02-280.6491+0.095+17.15%+2.23
+142022-03-070.7014+0.147+26.58%+3.45
+302022-03-210.7064+0.152+27.49%+3.57
+602022-04-250.6165+0.062+11.26%+1.46
+902022-05-230.6922+0.138+24.93%+3.24

One volatility unit for this series is 7.69%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

national total oil stocks (Eurostat, commercial holders), with the published days of cover alongside

Unit: tonnesPublished: monthlyCalculatedOfficial
T0−30−14T0+14+30+60+903,179,5202,843,4802022-01-01: 3,147,000 tonnes, used for offsets −30same print as T0 — 2022-02-01, 3,097,000 tonnes, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 2,876,000 tonnes, used for offsets +7, +14, +302022-04-01: 3,093,000 tonnes, used for offsets +602022-05-01: 3,102,000 tonnes, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for national total oil stocks (Eurostat, commercial holders), with the published days of cover alongside: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-013,147,000+50,000+1.61%+0.57
−142022-02-01same print as T03,097,0000.0000.00%0.00
−72022-02-01same print as T03,097,0000.0000.00%0.00
−32022-02-01same print as T03,097,0000.0000.00%0.00
−12022-02-01same print as T03,097,0000.0000.00%0.00
T02022-02-01same print as T03,097,0000.0000.00%0.00
+12022-02-01same print as T03,097,0000.0000.00%0.00
+32022-02-01same print as T03,097,0000.0000.00%0.00
+72022-03-012,876,000-221,000-7.14%-2.51
+142022-03-012,876,000-221,000-7.14%-2.51
+302022-03-012,876,000-221,000-7.14%-2.51
+602022-04-013,093,000-4,000-0.13%-0.05
+902022-05-013,102,000+5,000+0.16%+0.06

One volatility unit for this series is 2.84%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

not explained by crude: actual pre-tax change since T0 minus the crude-only expected change. Never attributed

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30−14T0+14+30+60+900.1490.0002022-01-24: 0.0315 € per litre, used for offsets −302022-02-07: 0.0227 € per litre, used for offsets −142022-02-14: 0.0027 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.0035 € per litre, used for offsets +72022-03-07: 0.1335 € per litre, used for offsets +142022-03-21: 0.0947 € per litre, used for offsets +302022-04-25: 0.0692 € per litre, used for offsets +602022-05-23: 0.0073 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for not explained by crude: actual pre-tax change since T0 minus the crude-only expected change. Never attributed: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.0315+0.032not publishednot published
−142022-02-070.0227+0.023not publishednot published
−72022-02-140.0027+0.003not publishednot published
−32022-02-21same print as T000.000not publishednot published
−12022-02-21same print as T000.000not publishednot published
T02022-02-21same print as T000.000not publishednot published
+12022-02-21same print as T000.000not publishednot published
+32022-02-21same print as T000.000not publishednot published
+72022-02-280.0035+0.003not publishednot published
+142022-03-070.1335+0.133not publishednot published
+302022-03-210.0947+0.095not publishednot published
+602022-04-250.0692+0.069not publishednot published
+902022-05-230.0073+0.007not publishednot published

No normal volatility is published for this series, so no change is expressed in volatility units. That is a missing input, not a zero.

not explained by crude: actual pre-tax change since T0 minus the crude-only expected change. Never attributed

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30−14T0+14+30+60+900.160-0.0212022-01-24: 0.0031 € per litre, used for offsets −302022-02-07: 0.0060 € per litre, used for offsets −142022-02-14: -0.0034 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.0107 € per litre, used for offsets +72022-03-07: 0.0956 € per litre, used for offsets +142022-03-21: 0.0699 € per litre, used for offsets +302022-04-25: 0.0630 € per litre, used for offsets +602022-05-23: 0.1421 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for not explained by crude: actual pre-tax change since T0 minus the crude-only expected change. Never attributed: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.0031+0.003not publishednot published
−142022-02-070.0060+0.006not publishednot published
−72022-02-14-0.0034-0.003not publishednot published
−32022-02-21same print as T000.000not publishednot published
−12022-02-21same print as T000.000not publishednot published
T02022-02-21same print as T000.000not publishednot published
+12022-02-21same print as T000.000not publishednot published
+32022-02-21same print as T000.000not publishednot published
+72022-02-280.0107+0.011not publishednot published
+142022-03-070.0956+0.096not publishednot published
+302022-03-210.0699+0.070not publishednot published
+602022-04-250.0630+0.063not publishednot published
+902022-05-230.1421+0.142not publishednot published

No normal volatility is published for this series, so no change is expressed in volatility units. That is a missing input, not a zero.

Weekly Oil Bulletin price with taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+901.9291.3842022-01-24: 1.436 € per litre, used for offsets −302022-02-07: 1.481 € per litre, used for offsets −142022-02-14: 1.475 € per litre, used for offsets −7same print as T0 — 2022-02-21, 1.498 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 1.528 € per litre, used for offsets +72022-03-07: 1.799 € per litre, used for offsets +142022-03-21: 1.859 € per litre, used for offsets +302022-04-25: 1.831 € per litre, used for offsets +602022-05-23: 1.876 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for Weekly Oil Bulletin price with taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-241.436-0.061-4.10%-3.12
−142022-02-071.481-0.017-1.13%-0.86
−72022-02-141.475-0.023-1.53%-1.16
−32022-02-21same print as T01.4980.0000.00%0.00
−12022-02-21same print as T01.4980.0000.00%0.00
T02022-02-21same print as T01.4980.0000.00%0.00
+12022-02-21same print as T01.4980.0000.00%0.00
+32022-02-21same print as T01.4980.0000.00%0.00
+72022-02-281.528+0.030+1.98%+1.50
+142022-03-071.799+0.301+20.10%+15.27
+302022-03-211.859+0.361+24.11%+18.32
+602022-04-251.831+0.333+22.21%+16.88
+902022-05-231.876+0.378+25.26%+19.19

One volatility unit for this series is 1.32%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price with taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+901.9201.4282022-01-24: 1.475 € per litre, used for offsets −302022-02-07: 1.519 € per litre, used for offsets −142022-02-14: 1.514 € per litre, used for offsets −7same print as T0 — 2022-02-21, 1.536 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 1.554 € per litre, used for offsets +72022-03-07: 1.703 € per litre, used for offsets +142022-03-21: 1.776 € per litre, used for offsets +302022-04-25: 1.743 € per litre, used for offsets +602022-05-23: 1.873 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for Weekly Oil Bulletin price with taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-241.475-0.061-3.98%-2.90
−142022-02-071.519-0.018-1.15%-0.84
−72022-02-141.514-0.022-1.46%-1.07
−32022-02-21same print as T01.5360.0000.00%0.00
−12022-02-21same print as T01.5360.0000.00%0.00
T02022-02-21same print as T01.5360.0000.00%0.00
+12022-02-21same print as T01.5360.0000.00%0.00
+32022-02-21same print as T01.5360.0000.00%0.00
+72022-02-281.554+0.018+1.18%+0.86
+142022-03-071.703+0.167+10.86%+7.92
+302022-03-211.776+0.239+15.58%+11.37
+602022-04-251.743+0.207+13.45%+9.81
+902022-05-231.873+0.336+21.90%+15.98

One volatility unit for this series is 1.37%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+901.1900.7382022-01-24: 0.7815 € per litre, used for offsets −302022-02-07: 0.8132 € per litre, used for offsets −142022-02-14: 0.8134 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.8292 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.8644 € per litre, used for offsets +72022-03-07: 1.098 € per litre, used for offsets +142022-03-21: 1.133 € per litre, used for offsets +302022-04-25: 1.105 € per litre, used for offsets +602022-05-23: 1.146 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for Weekly Oil Bulletin price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.7815-0.048-5.76%-2.90
−142022-02-070.8132-0.016-1.93%-0.97
−72022-02-140.8134-0.016-1.91%-0.96
−32022-02-21same print as T00.82920.0000.00%0.00
−12022-02-21same print as T00.82920.0000.00%0.00
T02022-02-21same print as T00.82920.0000.00%0.00
+12022-02-21same print as T00.82920.0000.00%0.00
+32022-02-21same print as T00.82920.0000.00%0.00
+72022-02-280.8644+0.035+4.24%+2.14
+142022-03-071.098+0.269+32.39%+16.34
+302022-03-211.133+0.304+36.66%+18.49
+602022-04-251.105+0.276+33.31%+16.80
+902022-05-231.146+0.317+38.20%+19.27

One volatility unit for this series is 1.98%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+901.0650.6562022-01-24: 0.6957 € per litre, used for offsets −302022-02-07: 0.7250 € per litre, used for offsets −142022-02-14: 0.7276 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.7423 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.7710 € per litre, used for offsets +72022-03-07: 0.9057 € per litre, used for offsets +142022-03-21: 0.9474 € per litre, used for offsets +302022-04-25: 0.9146 € per litre, used for offsets +602022-05-23: 1.026 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for Weekly Oil Bulletin price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.6957-0.047-6.28%-2.69
−142022-02-070.7250-0.017-2.33%-1.00
−72022-02-140.7276-0.015-1.98%-0.85
−32022-02-21same print as T00.74230.0000.00%0.00
−12022-02-21same print as T00.74230.0000.00%0.00
T02022-02-21same print as T00.74230.0000.00%0.00
+12022-02-21same print as T00.74230.0000.00%0.00
+32022-02-21same print as T00.74230.0000.00%0.00
+72022-02-280.7710+0.029+3.87%+1.66
+142022-03-070.9057+0.163+22.02%+9.44
+302022-03-210.9474+0.205+27.62%+11.84
+602022-04-250.9146+0.172+23.21%+9.95
+902022-05-231.026+0.283+38.17%+16.36

One volatility unit for this series is 2.33%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

total tax per litre: price with taxes minus price without taxes

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30−14T0+14+30+60+900.7390.6462022-01-24: 0.6550 € per litre, used for offsets −302022-02-07: 0.6678 € per litre, used for offsets −142022-02-14: 0.6617 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.6687 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.6632 € per litre, used for offsets +72022-03-07: 0.7011 € per litre, used for offsets +142022-03-21: 0.7257 € per litre, used for offsets +302022-04-25: 0.7252 € per litre, used for offsets +602022-05-23: 0.7302 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for total tax per litre: price with taxes minus price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.6550-0.014-2.05%-1.93
−142022-02-070.6678-0.001-0.13%-0.12
−72022-02-140.6617-0.007-1.05%-0.98
−32022-02-21same print as T00.66870.0000.00%0.00
−12022-02-21same print as T00.66870.0000.00%0.00
T02022-02-21same print as T00.66870.0000.00%0.00
+12022-02-21same print as T00.66870.0000.00%0.00
+32022-02-21same print as T00.66870.0000.00%0.00
+72022-02-280.6632-0.006-0.82%-0.78
+142022-03-070.7011+0.032+4.85%+4.57
+302022-03-210.7257+0.057+8.53%+8.03
+602022-04-250.7252+0.057+8.45%+7.95
+902022-05-230.7302+0.062+9.20%+8.66

One volatility unit for this series is 1.06%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

total tax per litre: price with taxes minus price without taxes

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30−14T0+14+30+60+900.8550.7712022-01-24: 0.7795 € per litre, used for offsets −302022-02-07: 0.7937 € per litre, used for offsets −142022-02-14: 0.7862 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.7941 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.7835 € per litre, used for offsets +72022-03-07: 0.7975 € per litre, used for offsets +142022-03-21: 0.8284 € per litre, used for offsets +302022-04-25: 0.8284 € per litre, used for offsets +602022-05-23: 0.8471 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for total tax per litre: price with taxes minus price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.7795-0.015-1.83%-2.02
−142022-02-070.7937-0.000-0.05%-0.06
−72022-02-140.7862-0.008-0.98%-1.08
−32022-02-21same print as T00.79410.0000.00%0.00
−12022-02-21same print as T00.79410.0000.00%0.00
T02022-02-21same print as T00.79410.0000.00%0.00
+12022-02-21same print as T00.79410.0000.00%0.00
+32022-02-21same print as T00.79410.0000.00%0.00
+72022-02-280.7835-0.011-1.34%-1.47
+142022-03-070.7975+0.003+0.43%+0.47
+302022-03-210.8284+0.034+4.32%+4.76
+602022-04-250.8284+0.034+4.32%+4.76
+902022-05-230.8471+0.053+6.68%+7.36

One volatility unit for this series is 0.91%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

US proxy - not a European price: US diesel spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30−14T0+14+30+60+9087.3712.822022-01-25: 22.61 $ per barrel, used for offsets −302022-02-10: 25.09 $ per barrel, used for offsets −142022-02-17: 23.41 $ per barrel, used for offsets −72022-02-18: 21.50 $ per barrel, used for offsets −32022-02-23: 20.03 $ per barrel, used for offsets −1same print as T0 — 2022-02-24, 20.76 $ per barrel, used for offsets T02022-02-25: 22.06 $ per barrel, used for offsets +1, +32022-03-03: 37.39 $ per barrel, used for offsets +72022-03-10: 30.44 $ per barrel, used for offsets +142022-03-25: 55.41 $ per barrel, used for offsets +302022-04-25: 80.15 $ per barrel, used for offsets +602022-05-25: 54.28 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for US proxy - not a European price: US diesel spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-2522.61+1.846+8.89%+1.05
−142022-02-1025.09+4.332+20.87%+2.47
−72022-02-1723.41+2.650+12.76%+1.51
−32022-02-1821.50+0.742+3.57%+0.42
−12022-02-2320.03-0.730-3.52%-0.42
T02022-02-24same print as T020.760.0000.00%0.00
+12022-02-2522.06+1.302+6.27%+0.74
+32022-02-2522.06+1.302+6.27%+0.74
+72022-03-0337.39+16.632+80.11%+9.48
+142022-03-1030.44+9.682+46.63%+5.52
+302022-03-2555.41+34.648+166.88%+19.75
+602022-04-2580.15+59.392+286.06%+33.85
+902022-05-2554.28+33.516+161.43%+19.10

One volatility unit for this series is 8.45%, the standard deviation of its own day-on-day percentage changes over the three years before the event (751 changes). It is not a significance test.

US proxy - not a European price: US gasoline spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30−14T0+14+30+60+9051.418.992022-01-25: 15.43 $ per barrel, used for offsets −302022-02-10: 17.95 $ per barrel, used for offsets −142022-02-17: 18.67 $ per barrel, used for offsets −72022-02-18: 19.03 $ per barrel, used for offsets −32022-02-23: 17.39 $ per barrel, used for offsets −1same print as T0 — 2022-02-24, 17.36 $ per barrel, used for offsets T02022-02-25: 18.28 $ per barrel, used for offsets +1, +32022-03-03: 18.33 $ per barrel, used for offsets +72022-03-10: 13.10 $ per barrel, used for offsets +142022-03-25: 16.69 $ per barrel, used for offsets +302022-04-25: 36.43 $ per barrel, used for offsets +602022-05-25: 47.31 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for US proxy - not a European price: US gasoline spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-2515.43-1.934-11.14%-0.06
−142022-02-1017.95+0.594+3.42%+0.02
−72022-02-1718.67+1.306+7.52%+0.04
−32022-02-1819.03+1.666+9.60%+0.05
−12022-02-2317.39+0.026+0.15%+0.00
T02022-02-24same print as T017.360.0000.00%0.00
+12022-02-2518.28+0.924+5.32%+0.03
+32022-02-2518.28+0.924+5.32%+0.03
+72022-03-0318.33+0.966+5.56%+0.03
+142022-03-1013.10-4.262-24.55%-0.14
+302022-03-2516.69-0.674-3.88%-0.02
+602022-04-2536.43+19.072+109.86%+0.61
+902022-05-2547.31+29.946+172.50%+0.95

One volatility unit for this series is 180.80%, the standard deviation of its own day-on-day percentage changes over the three years before the event (751 changes). It is not a significance test.

US proxy - not a European price: US jet spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30−14T0+14+30+60+9086.115.052022-01-25: 13.79 $ per barrel, used for offsets −302022-02-10: 16.48 $ per barrel, used for offsets −142022-02-17: 13.25 $ per barrel, used for offsets −72022-02-18: 12.98 $ per barrel, used for offsets −32022-02-23: 12.89 $ per barrel, used for offsets −1same print as T0 — 2022-02-24, 12.99 $ per barrel, used for offsets T02022-02-25: 14.50 $ per barrel, used for offsets +1, +32022-03-03: 23.95 $ per barrel, used for offsets +72022-03-10: 16.37 $ per barrel, used for offsets +142022-03-25: 37.98 $ per barrel, used for offsets +302022-04-25: 78.26 $ per barrel, used for offsets +602022-05-25: 40.71 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for US proxy - not a European price: US jet spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-2513.79+0.796+6.13%+0.04
−142022-02-1016.48+3.492+26.88%+0.15
−72022-02-1713.25+0.256+1.97%+0.01
−32022-02-1812.98-0.014-0.11%-0.00
−12022-02-2312.89-0.100-0.77%-0.00
T02022-02-24same print as T012.990.0000.00%0.00
+12022-02-2514.50+1.512+11.64%+0.07
+32022-02-2514.50+1.512+11.64%+0.07
+72022-03-0323.95+10.962+84.38%+0.48
+142022-03-1016.37+3.382+26.03%+0.15
+302022-03-2537.98+24.988+192.33%+1.10
+602022-04-2578.26+65.272+502.40%+2.88
+902022-05-2540.71+27.720+213.36%+1.22

One volatility unit for this series is 174.63%, the standard deviation of its own day-on-day percentage changes over the three years before the event (751 changes). It is not a significance test.

Not available: licence-blocked

A source exists and its licence does not permit us to republish it. These channels are not missing from the world, only from this page.

Arabian Gulf to north-west Europe dirty tanker rate

Tanker freight rates are licensed such that public display, onward passing and derived data are all expressly prohibited, verified verbatim, and no open institution publishes a tanker rate.

13 offsets in the window are affected.

EU refined-product benchmark

EU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.

13 offsets in the window are affected.

EU refined-product benchmark

EU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.

13 offsets in the window are affected.

north-west Europe refining margin / crack spread

No published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.

13 offsets in the window are affected.

north-west Europe refining margin / crack spread

No published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.

13 offsets in the window are affected.

wholesale / rack price

Wholesale / rack price series are proprietary with no redistribution grant.

13 offsets in the window are affected.

wholesale / rack price

Wholesale / rack price series are proprietary with no redistribution grant.

13 offsets in the window are affected.

Source
European Commission, Directorate-General for Energy (DG ENER)Unknown
Period 2022-01Updated 2026-09-25 14:09 UTCConfidenceUnknownMethodologyDownload CSV

T0 is 2022-02-24. The baseline window is -90 to -31 days. Offsets materialised: -30, -14, -7, -3, -1, 0, 1, 3, 7, 14, 30, 60, 90. Method 1.0, calculation event_study-1.0, computed 2026-09-25 14:09 UTC.

Is Russian invasion of Ukraine (24 February 2022) really the reason?

The question splits into dimensions that are measured separately and never added into one number. Each row says whether we can see that dimension at all, and gives one published figure where we can.

Of the eight price-transmission channels this site reports, 4 have data in this run Calculated - a count of the rows below, not a measurement.

Methodology §11.1 publishes the thresholds the sentences below use: all eight channels present for the full comparison, at least three for the claim to be testable here at all, and 2.0 volatility units for a move to be described as outside a series' normal variation. Those are published wording choices, not statistical tests.

Dimensions of exposure to Russian invasion of Ukraine (24 February 2022), each with its status and one published figure.
DimensionStatusPublished figure, or why there is none
Direct crude exposure (D1)Share of imported crude whose route requires the Strait of Hormuz.Observed0 % of imported tonnes at +30 d (published 2022-03-01)
Direct product exposure (D2)Share of imported refined product whose route requires the Strait of Hormuz.Observed0 % of imported tonnes at +30 d (published 2022-03-01)
Emergency stock cover (D7)Days of cover the published emergency stocks amount to. A buffer against a supply disruption, not a share of imports, and not a price channel.Observed95.00 days of cover at +30 d (published 2022-03-01)0.00% from the level at T0 = 0.00 volatility units
Crude benchmarkThe quoted crude price European cargoes are priced against.Observed122.7 $ per barrel at +30 d (published 2022-03-25)+21.11% from the level at T0 = +4.87 volatility units
Refined-product benchmarkThe quoted product price refineries and wholesalers price against.UnavailableEU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.
Refining marginWhat refining a barrel into this product earned.UnavailableNo published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.
Freight ratesWhat it cost to ship the cargo.UnavailableTanker freight rates are licensed such that public display, onward passing and derived data are all expressly prohibited, verified verbatim, and no open institution publishes a tanker rate.
InventoriesStocks held, which absorb or amplify a supply change.Observed2,876,000 tonnes at +30 d (published 2022-03-01)-7.14% from the level at T0 = -2.51 volatility units
Wholesale pricesThe price between the refinery gate and the forecourt.UnavailableWholesale / rack price series are proprietary with no redistribution grant.
Pump price before taxThe pump price with excise, VAT and other fuel taxes stripped out.Observed1.133 € per litre at +30 d (published 2022-03-21)+36.66% from the level at T0 = +18.49 volatility units
Pump price with taxWhat a driver actually paid.Observed1.859 € per litre at +30 d (published 2022-03-21)+24.11% from the level at T0 = +18.32 volatility units

Physical exposure to the Strait of Hormuz and price exposure are different questions. A country with almost no direct physical exposure can still see its pump price move, because crude is priced globally - and a series that moved in this window may have moved for other reasons.

What the pump price did around this date

The decomposition page can be pinned to the weeks around the event date, so the pump move can be split into tax, input cost and the part the input cost does not account for.

Price decomposition, 2022-02-17 to 2022-03-26 →

The window is the published event date minus 7 days to plus 30 days. It is a window for looking, not a claim that the event caused what is inside it.

Actual vs crude-only: Czechia, petrol (euro-super 95)

What the pre-tax price did from four weeks before to thirteen weeks after the event week, next to what it would have done had it followed only the crude input cost at the speed the stored pass-through estimate measures. The shaded difference is not explained by crude; it is not attributed to the event or to anything else. No fuel is selected, so petrol is shown.

The crude-only comparison could not be read.

API 404 for /api/events/ru-invasion-ukraine-2022/crude-only: No stored crude-only run for 'ru-invasion-ukraine-2022' and country 'czechia'. Runs are stored for the pilot countries; available_countries lists them.

What the numbers support, sentence by sentence

Each sentence comes from a fixed template, chosen by published thresholds. Open “why this sentence” to see the numbers that selected it. None of this text is written by a language model, and none of it attributes cause.

  1. In the 7 days after Russian invasion of Ukraine (24 February 2022), Czechia's pre-tax petrol price moved +3.9%, which is 1.7 times its normal week-to-week variation over the previous three years — within that range.

    about CzechiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    0.77102
    status
    OBSERVED
    country
    Czechia
    z_score
    10.802026599838037
    t0_value
    0.7423099999999999
    fuel_type
    EURO_SUPER_95
    change_pct
    3.8676563699802142
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    7
    series_code
    RETAIL_PRETAX_CZ_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    1.6575541224015502
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.028710000000000124
    change_pct_from_t0
    3.8676563699802142
    observation_gap_days
    3
    normal_volatility_pct
    2.3333514831941375
    change_in_volatility_units
    1.6575541224015502
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    0.77102
    status
    OBSERVED
    country
    Czechia
    z_score
    10.802026599838037
    t0_value
    0.7423099999999999
    fuel_type
    EURO_SUPER_95
    change_pct
    3.8676563699802142
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_PRETAX_CZ_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    1.6575541224015502
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.028710000000000124
    change_pct_from_t0
    3.8676563699802142
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    2.3333514831941375
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    1.6575541224015502

    Template event.price_move.within_normal v1.1 · Fingerprint 066a70fe55191648daac1117f76925647ba24b9b19f441d077b6080406f4a70e · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  2. In the 30 days after Russian invasion of Ukraine (24 February 2022), Czechia's pre-tax petrol price moved +27.6%, which is 11.8 times its normal week-to-week variation over the previous three years — outside that range.

    about CzechiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    0.94737
    status
    OBSERVED
    country
    Czechia
    z_score
    33.33466470113696
    t0_value
    0.7423099999999999
    fuel_type
    EURO_SUPER_95
    change_pct
    27.624577332920232
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    30
    series_code
    RETAIL_PRETAX_CZ_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    11.839012481353558
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.20506000000000013
    change_pct_from_t0
    27.624577332920232
    observation_gap_days
    5
    normal_volatility_pct
    2.3333514831941375
    change_in_volatility_units
    11.839012481353558
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    0.94737
    status
    OBSERVED
    country
    Czechia
    z_score
    33.33466470113696
    t0_value
    0.7423099999999999
    fuel_type
    EURO_SUPER_95
    change_pct
    27.624577332920232
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_PRETAX_CZ_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    11.839012481353558
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.20506000000000013
    change_pct_from_t0
    27.624577332920232
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    2.3333514831941375
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    11.839012481353558

    Template event.price_move.outside_normal v1.1 · Fingerprint 1544f5dc264552dcbbd92fe2e46fb6581a72102a3ce842c2898144272ef57ae4 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  3. In the 90 days after Russian invasion of Ukraine (24 February 2022), Czechia's pre-tax petrol price moved +38.2%, which is 16.4 times its normal week-to-week variation over the previous three years — outside that range.

    about CzechiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.02567
    status
    OBSERVED
    country
    Czechia
    z_score
    43.33923268146986
    t0_value
    0.7423099999999999
    fuel_type
    EURO_SUPER_95
    change_pct
    38.17273106922986
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    90
    series_code
    RETAIL_PRETAX_CZ_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    16.359614633357765
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.28336000000000017
    change_pct_from_t0
    38.17273106922986
    observation_gap_days
    2
    normal_volatility_pct
    2.3333514831941375
    change_in_volatility_units
    16.359614633357765
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.02567
    status
    OBSERVED
    country
    Czechia
    z_score
    43.33923268146986
    t0_value
    0.7423099999999999
    fuel_type
    EURO_SUPER_95
    change_pct
    38.17273106922986
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_PRETAX_CZ_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    16.359614633357765
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.28336000000000017
    change_pct_from_t0
    38.17273106922986
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    2.3333514831941375
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    16.359614633357765

    Template event.price_move.outside_normal v1.1 · Fingerprint 25120e26b98ab44cd468bc55e33c9931aa1c2d13fb21a58c51790267780748fc · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  4. In the 7 days after Russian invasion of Ukraine (24 February 2022), Czechia's tax-inclusive petrol price moved +1.2%, which is 0.9 times its normal week-to-week variation over the previous three years — within that range.

    about CzechiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.55447
    status
    OBSERVED
    country
    Czechia
    z_score
    5.569711393817964
    t0_value
    1.53637
    fuel_type
    EURO_SUPER_95
    change_pct
    1.1781016291648498
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    7
    series_code
    RETAIL_INCLTAX_CZ_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.8595459929183891
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.018100000000000005
    change_pct_from_t0
    1.1781016291648498
    observation_gap_days
    3
    normal_volatility_pct
    1.370609180743056
    change_in_volatility_units
    0.8595459929183891
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.55447
    status
    OBSERVED
    country
    Czechia
    z_score
    5.569711393817964
    t0_value
    1.53637
    fuel_type
    EURO_SUPER_95
    change_pct
    1.1781016291648498
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_INCLTAX_CZ_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.8595459929183891
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.018100000000000005
    change_pct_from_t0
    1.1781016291648498
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    1.370609180743056
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.8595459929183891

    Template event.price_move.within_normal v1.1 · Fingerprint 4face8e2eaba4654cf13cc1ce5040558048a61f36957d106ab0dd60ada3c68cb · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  5. In the 30 days after Russian invasion of Ukraine (24 February 2022), Czechia's tax-inclusive petrol price moved +15.6%, which is 11.4 times its normal week-to-week variation over the previous three years — outside that range.

    about CzechiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.77576
    status
    OBSERVED
    country
    Czechia
    z_score
    17.673576307587194
    t0_value
    1.53637
    fuel_type
    EURO_SUPER_95
    change_pct
    15.581533094241621
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    30
    series_code
    RETAIL_INCLTAX_CZ_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    11.368326809101276
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.23939
    change_pct_from_t0
    15.581533094241621
    observation_gap_days
    5
    normal_volatility_pct
    1.370609180743056
    change_in_volatility_units
    11.368326809101276
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.77576
    status
    OBSERVED
    country
    Czechia
    z_score
    17.673576307587194
    t0_value
    1.53637
    fuel_type
    EURO_SUPER_95
    change_pct
    15.581533094241621
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_INCLTAX_CZ_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    11.368326809101276
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.23939
    change_pct_from_t0
    15.581533094241621
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    1.370609180743056
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    11.368326809101276

    Template event.price_move.outside_normal v1.1 · Fingerprint d94cdd349409d8a8534637036b3ac65aa2ce83d73396f3d9836f480243339b14 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  6. In the 90 days after Russian invasion of Ukraine (24 February 2022), Czechia's tax-inclusive petrol price moved +21.9%, which is 16.0 times its normal week-to-week variation over the previous three years — outside that range.

    about CzechiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.87277
    status
    OBSERVED
    country
    Czechia
    z_score
    22.979717277738366
    t0_value
    1.53637
    fuel_type
    EURO_SUPER_95
    change_pct
    21.89576729563842
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    90
    series_code
    RETAIL_INCLTAX_CZ_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    15.9752083987705
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.33640000000000003
    change_pct_from_t0
    21.89576729563842
    observation_gap_days
    2
    normal_volatility_pct
    1.370609180743056
    change_in_volatility_units
    15.9752083987705
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.87277
    status
    OBSERVED
    country
    Czechia
    z_score
    22.979717277738366
    t0_value
    1.53637
    fuel_type
    EURO_SUPER_95
    change_pct
    21.89576729563842
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_INCLTAX_CZ_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    15.9752083987705
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.33640000000000003
    change_pct_from_t0
    21.89576729563842
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    1.370609180743056
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    15.9752083987705

    Template event.price_move.outside_normal v1.1 · Fingerprint 55c22ded57d5e35b7f5ac9b332702f499e5d895fdaaac7813d1cceb5832a6905 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  7. In the 7 days after Russian invasion of Ukraine (24 February 2022), Czechia's pre-tax diesel price moved +4.2%, which is 2.1 times its normal week-to-week variation over the previous three years — outside that range.

    about CzechiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    0.86438
    status
    OBSERVED
    country
    Czechia
    z_score
    11.89434407847104
    t0_value
    0.82921
    fuel_type
    DIESEL
    change_pct
    4.241386379807291
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    7
    series_code
    RETAIL_PRETAX_CZ_DIESEL
    series_kind
    pre-tax
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    2.139186443080975
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.035170000000000035
    change_pct_from_t0
    4.241386379807291
    observation_gap_days
    3
    normal_volatility_pct
    1.982710012736716
    change_in_volatility_units
    2.139186443080975
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    0.86438
    status
    OBSERVED
    country
    Czechia
    z_score
    11.89434407847104
    t0_value
    0.82921
    fuel_type
    DIESEL
    change_pct
    4.241386379807291
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_PRETAX_CZ_DIESEL
    series_kind
    pre-tax
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    2.139186443080975
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.035170000000000035
    change_pct_from_t0
    4.241386379807291
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    1.982710012736716
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    2.139186443080975

    Template event.price_move.outside_normal v1.1 · Fingerprint ee0e859006a96f0cb7dce3070bb7f5f80a15bb5ee6966d4f4745a6ffba5c684a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  8. In the 30 days after Russian invasion of Ukraine (24 February 2022), Czechia's pre-tax diesel price moved +36.7%, which is 18.5 times its normal week-to-week variation over the previous three years — outside that range.

    about CzechiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.13323
    status
    OBSERVED
    country
    Czechia
    z_score
    45.678918236543325
    t0_value
    0.82921
    fuel_type
    DIESEL
    change_pct
    36.663812544470034
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    30
    series_code
    RETAIL_PRETAX_CZ_DIESEL
    series_kind
    pre-tax
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    18.491767484375245
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.30401999999999996
    change_pct_from_t0
    36.663812544470034
    observation_gap_days
    5
    normal_volatility_pct
    1.982710012736716
    change_in_volatility_units
    18.491767484375245
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.13323
    status
    OBSERVED
    country
    Czechia
    z_score
    45.678918236543325
    t0_value
    0.82921
    fuel_type
    DIESEL
    change_pct
    36.663812544470034
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_PRETAX_CZ_DIESEL
    series_kind
    pre-tax
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    18.491767484375245
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.30401999999999996
    change_pct_from_t0
    36.663812544470034
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    1.982710012736716
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    18.491767484375245

    Template event.price_move.outside_normal v1.1 · Fingerprint a8c605709e527ebfd17b849f33c418eae7f13de7e431d397ccb6c131a007af92 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  9. In the 90 days after Russian invasion of Ukraine (24 February 2022), Czechia's pre-tax diesel price moved +38.2%, which is 19.3 times its normal week-to-week variation over the previous three years — outside that range.

    about CzechiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.1460000000000001
    status
    OBSERVED
    country
    Czechia
    z_score
    47.283638385319925
    t0_value
    0.82921
    fuel_type
    DIESEL
    change_pct
    38.20383256352434
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    90
    series_code
    RETAIL_PRETAX_CZ_DIESEL
    series_kind
    pre-tax
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    19.26849227476889
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.3167900000000001
    change_pct_from_t0
    38.20383256352434
    observation_gap_days
    2
    normal_volatility_pct
    1.982710012736716
    change_in_volatility_units
    19.26849227476889
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.1460000000000001
    status
    OBSERVED
    country
    Czechia
    z_score
    47.283638385319925
    t0_value
    0.82921
    fuel_type
    DIESEL
    change_pct
    38.20383256352434
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_PRETAX_CZ_DIESEL
    series_kind
    pre-tax
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    19.26849227476889
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.3167900000000001
    change_pct_from_t0
    38.20383256352434
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    1.982710012736716
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    19.26849227476889

    Template event.price_move.outside_normal v1.1 · Fingerprint 5f999075de6d8d655f9fba0b5a1c3d104cab47120211b53666276427cf9cfc6f · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  10. In the 7 days after Russian invasion of Ukraine (24 February 2022), Czechia's tax-inclusive diesel price moved +2.0%, which is 1.5 times its normal week-to-week variation over the previous three years — within that range.

    about CzechiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.52754
    status
    OBSERVED
    country
    Czechia
    z_score
    6.271218562734692
    t0_value
    1.49788
    fuel_type
    DIESEL
    change_pct
    1.980131919779942
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    7
    series_code
    RETAIL_INCLTAX_CZ_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    1.5047828410359725
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.029659999999999798
    change_pct_from_t0
    1.980131919779942
    observation_gap_days
    3
    normal_volatility_pct
    1.3158921445547014
    change_in_volatility_units
    1.5047828410359725
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.52754
    status
    OBSERVED
    country
    Czechia
    z_score
    6.271218562734692
    t0_value
    1.49788
    fuel_type
    DIESEL
    change_pct
    1.980131919779942
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_INCLTAX_CZ_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    1.5047828410359725
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.029659999999999798
    change_pct_from_t0
    1.980131919779942
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    1.3158921445547014
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    1.5047828410359725

    Template event.price_move.within_normal v1.1 · Fingerprint 76104e9b87d1eff490d31a588b8e4fdaeb32153eb59bacb96c4a15d957920102 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  11. In the 30 days after Russian invasion of Ukraine (24 February 2022), Czechia's tax-inclusive diesel price moved +24.1%, which is 18.3 times its normal week-to-week variation over the previous three years — outside that range.

    about CzechiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.85897
    status
    OBSERVED
    country
    Czechia
    z_score
    24.476263392787786
    t0_value
    1.49788
    fuel_type
    DIESEL
    change_pct
    24.106737522364938
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    30
    series_code
    RETAIL_INCLTAX_CZ_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    18.319691034041906
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.3610899999999999
    change_pct_from_t0
    24.106737522364938
    observation_gap_days
    5
    normal_volatility_pct
    1.3158921445547014
    change_in_volatility_units
    18.319691034041906
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.85897
    status
    OBSERVED
    country
    Czechia
    z_score
    24.476263392787786
    t0_value
    1.49788
    fuel_type
    DIESEL
    change_pct
    24.106737522364938
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_INCLTAX_CZ_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    18.319691034041906
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.3610899999999999
    change_pct_from_t0
    24.106737522364938
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    1.3158921445547014
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    18.319691034041906

    Template event.price_move.outside_normal v1.1 · Fingerprint 99a30e54ba19f25c75481410457add26c06d9df3e96d7a491ec74805d5dedf79 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  12. In the 90 days after Russian invasion of Ukraine (24 February 2022), Czechia's tax-inclusive diesel price moved +25.3%, which is 19.2 times its normal week-to-week variation over the previous three years — outside that range.

    about CzechiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.87619
    status
    OBSERVED
    country
    Czechia
    z_score
    25.422136946701176
    t0_value
    1.49788
    fuel_type
    DIESEL
    change_pct
    25.256362325419918
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    90
    series_code
    RETAIL_INCLTAX_CZ_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    19.193337713834204
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.3783099999999999
    change_pct_from_t0
    25.256362325419918
    observation_gap_days
    2
    normal_volatility_pct
    1.3158921445547014
    change_in_volatility_units
    19.193337713834204
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.87619
    status
    OBSERVED
    country
    Czechia
    z_score
    25.422136946701176
    t0_value
    1.49788
    fuel_type
    DIESEL
    change_pct
    25.256362325419918
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_INCLTAX_CZ_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    19.193337713834204
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.3783099999999999
    change_pct_from_t0
    25.256362325419918
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    1.3158921445547014
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    19.193337713834204

    Template event.price_move.outside_normal v1.1 · Fingerprint e6c63d7afa3b4964ce659f1405c48dffe18965b88396a750917f6e40789e0880 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  13. Over the 4 weeks after Russian invasion of Ukraine (24 February 2022), crude costs alone would have moved Czechia's pre-tax petrol price by +13.5 c/L (range +8.9–+18.1); it actually moved +20.5 c/L, leaving +7.0 c/L not explained by crude.

    about CzechiaCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    event
    Russian invasion of Ukraine (24 February 2022)
    weeks
    4
    status
    COMPUTED
    country
    Czechia
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    series_code
    CRUDE_ONLY_EXPECTED_CZ_EURO_SUPER_95
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2022-03-21
    pass_through_k
    4
    proxy_from_date
    2022-02-18
    observation_date
    2022-03-21
    gap_eur_per_litre
    0.06992770678529633
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    actual_eur_per_litre
    0.20506000000000013
    expected_eur_per_litre
    0.1351322932147038
    proxy_volatility_units
    -0.11680573781220037
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    -4.018000000000001
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    expected_low_eur_per_litre
    0.08901111748492446
    expected_high_eur_per_litre
    0.18125346894448346
    proxy_normal_volatility_pct
    180.79993207863203
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    event
    Russian invasion of Ukraine (24 February 2022)
    weeks
    4
    status
    COMPUTED
    country
    Czechia
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_CZ_EURO_SUPER_95
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2022-03-21
    pass_through_k
    4
    proxy_from_date
    2022-02-18
    statement_topic
    event
    observation_date
    2022-03-21
    gap_eur_per_litre
    0.06992770678529633
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    0.20506000000000013
    expected_eur_per_litre
    0.1351322932147038
    proxy_volatility_units
    -0.11680573781220037
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    -4.018000000000001
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    0.08901111748492446
    expected_high_eur_per_litre
    0.18125346894448346
    proxy_normal_volatility_pct
    180.79993207863203

    Template event.crude_only.computed v1.1 · Fingerprint 03d7a711ff96a9e82e5362581b602930d244ad1b50db2d36d90dfc0ce75ee77c · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  14. Over the 13 weeks after Russian invasion of Ukraine (24 February 2022), crude costs alone would have moved Czechia's pre-tax petrol price by +14.1 c/L (range +4.9–+23.4); it actually moved +28.3 c/L, leaving +14.2 c/L not explained by crude.

    about CzechiaCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    event
    Russian invasion of Ukraine (24 February 2022)
    weeks
    13
    status
    COMPUTED
    country
    Czechia
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    series_code
    CRUDE_ONLY_EXPECTED_CZ_EURO_SUPER_95
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2022-05-23
    pass_through_k
    4
    proxy_from_date
    2022-02-18
    observation_date
    2022-05-23
    gap_eur_per_litre
    0.1421111804145278
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    actual_eur_per_litre
    0.28336000000000017
    expected_eur_per_litre
    0.14124881958547236
    proxy_volatility_units
    0.8092678270821386
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    27.837999999999997
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    expected_low_eur_per_litre
    0.04870011125405518
    expected_high_eur_per_litre
    0.23379752791688946
    proxy_normal_volatility_pct
    180.79993207863203
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    event
    Russian invasion of Ukraine (24 February 2022)
    weeks
    13
    status
    COMPUTED
    country
    Czechia
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_CZ_EURO_SUPER_95
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2022-05-23
    pass_through_k
    4
    proxy_from_date
    2022-02-18
    statement_topic
    event
    observation_date
    2022-05-23
    gap_eur_per_litre
    0.1421111804145278
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    0.28336000000000017
    expected_eur_per_litre
    0.14124881958547236
    proxy_volatility_units
    0.8092678270821386
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    27.837999999999997
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    0.04870011125405518
    expected_high_eur_per_litre
    0.23379752791688946
    proxy_normal_volatility_pct
    180.79993207863203

    Template event.crude_only.computed v1.1 · Fingerprint 7f93fe275bd2bb32f89153abc393f98218ec3da2cc041f2e64160c133ded2be9 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  15. Over the 4 weeks after Russian invasion of Ukraine (24 February 2022), crude costs alone would have moved Czechia's pre-tax diesel price by +20.9 c/L (range +8.8–+33.0); it actually moved +30.4 c/L, leaving +9.5 c/L not explained by crude. Over the same period the US diesel crack spread, a proxy for the Atlantic product market and not a European margin, widened by 22.2 $/bbl.

    about CzechiaCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    event
    Russian invasion of Ukraine (24 February 2022)
    weeks
    4
    status
    COMPUTED
    country
    Czechia
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    series_code
    CRUDE_ONLY_EXPECTED_CZ_DIESEL
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    offset_weeks
    4
    proxy_product
    DIESEL
    proxy_to_date
    2022-03-21
    pass_through_k
    2
    proxy_from_date
    2022-02-18
    observation_date
    2022-03-21
    gap_eur_per_litre
    0.0946777691683636
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    actual_eur_per_litre
    0.30401999999999996
    expected_eur_per_litre
    0.20934223083163636
    proxy_volatility_units
    12.233577860390142
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    22.231999999999996
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    0.08831762043140066
    expected_high_eur_per_litre
    0.3303668412318711
    proxy_normal_volatility_pct
    8.450955055544933
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    event
    Russian invasion of Ukraine (24 February 2022)
    weeks
    4
    status
    COMPUTED
    country
    Czechia
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_CZ_DIESEL
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    offset_weeks
    4
    proxy_product
    DIESEL
    proxy_to_date
    2022-03-21
    pass_through_k
    2
    proxy_from_date
    2022-02-18
    statement_topic
    event
    observation_date
    2022-03-21
    gap_eur_per_litre
    0.0946777691683636
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    0.30401999999999996
    expected_eur_per_litre
    0.20934223083163636
    proxy_volatility_units
    12.233577860390142
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    22.231999999999996
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    0.08831762043140066
    expected_high_eur_per_litre
    0.3303668412318711
    proxy_normal_volatility_pct
    8.450955055544933

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint efb6dab807b1a54ce792cc0b793957422129c787943f2c03f880ec39bd7d91b0 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  16. Over the 13 weeks after Russian invasion of Ukraine (24 February 2022), crude costs alone would have moved Czechia's pre-tax diesel price by +30.9 c/L (range +6.6–+55.3); it actually moved +31.7 c/L, leaving +0.7 c/L not explained by crude. Over the same period the US diesel crack spread, a proxy for the Atlantic product market and not a European margin, widened by 29.9 $/bbl.

    about CzechiaCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    event
    Russian invasion of Ukraine (24 February 2022)
    weeks
    13
    status
    COMPUTED
    country
    Czechia
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    series_code
    CRUDE_ONLY_EXPECTED_CZ_DIESEL
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    offset_weeks
    13
    proxy_product
    DIESEL
    proxy_to_date
    2022-05-23
    pass_through_k
    2
    proxy_from_date
    2022-02-18
    observation_date
    2022-05-23
    gap_eur_per_litre
    0.007345091804627335
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    actual_eur_per_litre
    0.3167900000000001
    expected_eur_per_litre
    0.3094449081953728
    proxy_volatility_units
    16.427727304969743
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    29.853999999999996
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    0.06624690722671243
    expected_high_eur_per_litre
    0.5526429091640293
    proxy_normal_volatility_pct
    8.450955055544933
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    event
    Russian invasion of Ukraine (24 February 2022)
    weeks
    13
    status
    COMPUTED
    country
    Czechia
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_CZ_DIESEL
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    offset_weeks
    13
    proxy_product
    DIESEL
    proxy_to_date
    2022-05-23
    pass_through_k
    2
    proxy_from_date
    2022-02-18
    statement_topic
    event
    observation_date
    2022-05-23
    gap_eur_per_litre
    0.007345091804627335
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    0.3167900000000001
    expected_eur_per_litre
    0.3094449081953728
    proxy_volatility_units
    16.427727304969743
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    29.853999999999996
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    0.06624690722671243
    expected_high_eur_per_litre
    0.5526429091640293
    proxy_normal_volatility_pct
    8.450955055544933

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint 2b373bdae66456413926491d47593bf1d2f1aa31d080e78cf5220879828be2e4 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  17. Direct physical dependence on Hormuz-linked crude was limited (0%) for Czechia in 2022-02.

    about CzechiaCalculatedLow
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-02
    status
    OBSERVED
    country
    Czechia
    commodity
    crude
    dimension
    DIRECT_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    value_max_pct
    0
    value_min_pct
    0
    exposure_status
    COMPUTED
    value_point_pct
    0
    observation_date
    2022-02-01
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md §9 publishes no bands
    band_applied_to
    upper bound of the range (docs/HORMUZ_METHOD.md §3.2: a range has no meaningful midpoint)
    dependence_limited_max_pct
    10
    dependence_moderate_max_pct
    33
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-02
    status
    OBSERVED
    country
    Czechia
    commodity
    crude
    dimension
    DIRECT_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    value_max_pct
    0
    value_min_pct
    0
    exposure_status
    COMPUTED
    statement_topic
    hormuz
    value_point_pct
    0
    observation_date
    2022-02-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.point v1.1 · Fingerprint b0bf946d745bfb3f2c37f163fe15db94233f711a27831cd4e66e5380dafd2e9f · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  18. Direct physical dependence on Hormuz-linked refined product was limited (0%) for Czechia in 2022-02.

    about CzechiaCalculatedLow
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-02
    status
    OBSERVED
    country
    Czechia
    commodity
    refined product
    dimension
    DIRECT_PRODUCT
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    value_max_pct
    0
    value_min_pct
    0
    exposure_status
    COMPUTED
    value_point_pct
    0
    observation_date
    2022-02-01
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md §9 publishes no bands
    band_applied_to
    upper bound of the range (docs/HORMUZ_METHOD.md §3.2: a range has no meaningful midpoint)
    dependence_limited_max_pct
    10
    dependence_moderate_max_pct
    33
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-02
    status
    OBSERVED
    country
    Czechia
    commodity
    refined product
    dimension
    DIRECT_PRODUCT
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    value_max_pct
    0
    value_min_pct
    0
    exposure_status
    COMPUTED
    statement_topic
    hormuz
    value_point_pct
    0
    observation_date
    2022-02-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.point v1.1 · Fingerprint e3d3958150e74cdffb52e0cf2008ecbdc9b4c419f64a2873fe334bea686b70e1 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  19. Available evidence does not show a physical supply reduction: Czechia's reported crude imports in 2022-02 were -4.7% against the mean of the previous 12 months.

    about CzechiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    unit
    tonnes
    month
    2022-02
    country
    Czechia
    change_pct
    -4.726545766100249
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    partner_role
    ORIGIN
    value_tonnes
    556000
    baseline_months
    12
    observation_date
    2022-02-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    baseline_mean_tonnes
    583583.3333333334
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md publishes no cut-off
    min_baseline_months
    6
    baseline_months_used
    12
    supply_reduction_pct
    -10
    supply_baseline_months
    12
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    unit
    tonnes
    month
    2022-02
    country
    Czechia
    change_pct
    -4.726545766100249
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    partner_role
    ORIGIN
    value_tonnes
    556000
    baseline_months
    12
    statement_topic
    event
    observation_date
    2022-02-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    baseline_mean_tonnes
    583583.3333333334
    study_calculation_version
    event_study-1.0

    Template event.supply.no_reduction v1.1 · Fingerprint ff2868adc9e3a7c36916e7ee2c7e8229a3af55dca972d8b660f7b0d06b003160 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  20. In 2022-02, Czechia's oil stocks stood 3.3% above their trailing 12-month mean — inside the 5% either side that this site reads as in line with it, with 95.0 days of cover (as published).

    about CzechiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    unit
    tonnes
    month
    2022-02
    status
    OBSERVED
    country
    Czechia
    direction
    above
    siec_code
    O4000
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    holder_type
    STK_CL
    series_code
    INVENTORY_CZ
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    days_of_cover
    95
    metric_status
    COMPUTED
    mom_change_pct
    -1.5888147442008262
    observation_date
    2022-02-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    3097000
    days_of_cover_basis
    as published by Eurostat (nrg_stk_oem, STK_EUE_DIR); not stocks divided by consumption (docs/HORMUZ_METHOD.md D7)
    observation_gap_days
    23
    trailing_12m_mean_tonnes
    2999000
    level_vs_trailing_12m_pct
    3.2677559186395464
    trailing_12m_observations
    12
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md publishes no band
    band_applied_to
    the rounded figure printed in the sentence
    days_of_cover_basis
    as published (Eurostat nrg_stk_oem, STK_EUE_DIR); never stocks divided by consumption (docs/HORMUZ_METHOD.md D7)
    trailing_window_months
    12
    level_vs_trailing_12m_pct_raw
    3.2677559186395464
    level_vs_trailing_12m_pct_shown
    3.3
    inventory_material_deviation_pct
    5
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    unit
    tonnes
    month
    2022-02
    status
    OBSERVED
    country
    Czechia
    direction
    above
    siec_code
    O4000
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    holder_type
    STK_CL
    series_code
    INVENTORY_CZ
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    days_of_cover
    95
    metric_status
    COMPUTED
    mom_change_pct
    -1.5888147442008262
    statement_topic
    event
    observation_date
    2022-02-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    3097000
    calculation_version
    event_statements-1.0
    days_of_cover_basis
    as published by Eurostat (nrg_stk_oem, STK_EUE_DIR); not stocks divided by consumption (docs/HORMUZ_METHOD.md D7)
    methodology_version
    1.0
    observation_gap_days
    23
    trailing_12m_mean_tonnes
    2999000
    level_vs_trailing_12m_pct
    3.2677559186395464
    study_calculation_version
    event_study-1.0
    trailing_12m_observations
    12

    Template event.inventory_level.in_line v1.1 · Fingerprint 2109401b5982c2b6d72bac6b67320bc993c2e7d798f368f2ad4820cea8c7fa6d · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  21. Summary of what can be checked here

    Only part of the chain can be checked for Czechia around Russian invasion of Ukraine (24 February 2022): 4 of the 8 series the method compares are available (crude benchmark, inventories, pre-tax pump price and pump price with tax), while refined-product benchmark, refining margin, freight rates and wholesale prices are not. Any claim that rests on the missing links cannot be tested here. Direct physical dependence on Hormuz-linked crude was limited (0–0%) over the period covered. This page describes what each series did around the event date. It is not a finding about cause: no causal design is published for this site, and a series that moved in the same window may have moved for other reasons.

    about CzechiaUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    event
    Russian invasion of Ukraine (24 February 2022)
    country
    Czechia
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    dependence_band
    limited
    dependence_range
    0–0%
    channels_available
    ["crude benchmark","inventories","pre-tax pump price","pump price with tax"]
    supply_template_id
    event.supply.no_reduction
    channels_unavailable
    ["refined-product benchmark","refining margin","freight rates","wholesale prices"]
    Thresholds
    source
    v1 choice of this module; the channel list is docs/PRICE_MODEL.md §2.3
    channels_total
    8
    channels_available
    4
    verdict_partial_min_channels
    3
    verdict_assessable_min_channels
    8
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    event
    Russian invasion of Ukraine (24 February 2022)
    country
    Czechia
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    CZ
    country_name
    Czechia
    country_slug
    czechia
    dependence_band
    limited
    statement_topic
    event
    dependence_range
    0–0%
    channels_available
    ["crude benchmark","inventories","pre-tax pump price","pump price with tax"]
    supply_template_id
    event.supply.no_reduction
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    channels_unavailable
    ["refined-product benchmark","refining margin","freight rates","wholesale prices"]
    study_calculation_version
    event_study-1.0

    Template event.verdict.partial v1.1 · Fingerprint 50c1a93b93c9e715dbb8a474c15ba9c640357a2c05bef86b9c949f080b14778d · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  22. In the 7 days after Russian invasion of Ukraine (24 February 2022), the Brent crude benchmark moved +13.9%, which is 3.2 times its normal day-to-day variation over the previous three years — outside that range.

    about the event as a wholeCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    unit
    $/BBL
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    115.36
    status
    OBSERVED
    z_score
    5.841150770454914
    t0_value
    101.29
    benchmark
    Brent crude
    change_pct
    13.890808569454036
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    7
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2022-03-03
    same_observation
    false
    volatility_units
    3.203825480890899
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    14.069999999999993
    change_pct_from_t0
    13.890808569454036
    observation_gap_days
    0
    normal_volatility_pct
    4.335694516541323
    change_in_volatility_units
    3.203825480890899
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (day-to-day)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    unit
    $/BBL
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    115.36
    status
    OBSERVED
    z_score
    5.841150770454914
    t0_value
    101.29
    benchmark
    Brent crude
    change_pct
    13.890808569454036
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    BRENT
    statement_topic
    event
    variation_label
    day-to-day
    observation_date
    2022-03-03
    same_observation
    false
    volatility_units
    3.203825480890899
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    14.069999999999993
    change_pct_from_t0
    13.890808569454036
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    4.335694516541323
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    3.203825480890899

    Template event.benchmark_move.outside_normal v1.1 · Fingerprint 499e14f143cd15685ef1480ed3fa89cd45abe5f0647c7ec6a69249dfc87c1dd1 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  23. In the 30 days after Russian invasion of Ukraine (24 February 2022), the Brent crude benchmark moved +21.1%, which is 4.9 times its normal day-to-day variation over the previous three years — outside that range.

    about the event as a wholeCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    unit
    $/BBL
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    122.67
    status
    OBSERVED
    z_score
    6.996054504576924
    t0_value
    101.29
    benchmark
    Brent crude
    change_pct
    21.107710534109977
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    30
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2022-03-25
    same_observation
    false
    volatility_units
    4.868357411616733
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    21.379999999999995
    change_pct_from_t0
    21.107710534109977
    observation_gap_days
    1
    normal_volatility_pct
    4.335694516541323
    change_in_volatility_units
    4.868357411616733
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (day-to-day)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    unit
    $/BBL
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    122.67
    status
    OBSERVED
    z_score
    6.996054504576924
    t0_value
    101.29
    benchmark
    Brent crude
    change_pct
    21.107710534109977
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    BRENT
    statement_topic
    event
    variation_label
    day-to-day
    observation_date
    2022-03-25
    same_observation
    false
    volatility_units
    4.868357411616733
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    21.379999999999995
    change_pct_from_t0
    21.107710534109977
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    1
    normal_volatility_pct
    4.335694516541323
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    4.868357411616733

    Template event.benchmark_move.outside_normal v1.1 · Fingerprint 216049ee46b7aafc7c24ef4f74d592168c4ca36a76f9b7e30eb4f402126d0f04 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  24. In the 90 days after Russian invasion of Ukraine (24 February 2022), the Brent crude benchmark moved +14.9%, which is 3.4 times its normal day-to-day variation over the previous three years — outside that range.

    about the event as a wholeCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    unit
    $/BBL
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    116.41
    status
    OBSERVED
    z_score
    6.007039815711837
    t0_value
    101.29
    benchmark
    Brent crude
    change_pct
    14.927436074637171
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    90
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2022-05-25
    same_observation
    false
    volatility_units
    3.4429169346887267
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    15.11999999999999
    change_pct_from_t0
    14.927436074637171
    observation_gap_days
    0
    normal_volatility_pct
    4.335694516541323
    change_in_volatility_units
    3.4429169346887267
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (day-to-day)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    unit
    $/BBL
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    116.41
    status
    OBSERVED
    z_score
    6.007039815711837
    t0_value
    101.29
    benchmark
    Brent crude
    change_pct
    14.927436074637171
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    BRENT
    statement_topic
    event
    variation_label
    day-to-day
    observation_date
    2022-05-25
    same_observation
    false
    volatility_units
    3.4429169346887267
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    15.11999999999999
    change_pct_from_t0
    14.927436074637171
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    4.335694516541323
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    3.4429169346887267

    Template event.benchmark_move.outside_normal v1.1 · Fingerprint 3c4d928f0edacc86e86f81949df4a6221c6a157e987b0435ccf81af9f53e267c · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  25. Freight rates reaction cannot be assessed: tanker freight rates are licensed such that public display, onward passing and derived data are all expressly prohibited, verified verbatim, and no open institution publishes a tanker rate.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["freight rates"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    reason_code
    NO_LICENSED_FREIGHT_SOURCE
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["freight rates"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_LICENSED_FREIGHT_SOURCE
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint 06b89c2e9e647323c15398c394cf050a39c9a42ef3b469967cce5fff091ed96a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  26. Refined-product benchmark reaction cannot be assessed: EU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["refined-product benchmark"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    reason_code
    NO_LICENSED_PRODUCT_BENCHMARK
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["refined-product benchmark"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_LICENSED_PRODUCT_BENCHMARK
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint eacf068451f42ad71340259d5f692acb03bf66b7a7d6f730ade5a819ff7d1005 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  27. Wholesale prices reaction cannot be assessed: wholesale / rack price series are proprietary with no redistribution grant.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["wholesale prices"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    reason_code
    NO_LICENSED_WHOLESALE_SERIES
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["wholesale prices"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_LICENSED_WHOLESALE_SERIES
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint 0a8ec24923eb853f8772aa729f8ec775267350a63bc1d8e64f27facfb62978a7 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  28. Refining margin reaction cannot be assessed: no published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["refining margin"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    reason_code
    NO_REFINERY_MARGIN_SERIES
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["refining margin"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_REFINERY_MARGIN_SERIES
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint 92e561b810be016411f6a7bbc96381cc8ebec1f6df6e0ae2fd7fc342f4dc1c9f · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

What this does not show

  • It does not show that the event caused anything. No causal design is published for this site, and a series that moved in this window may have moved for other reasons.
  • A change in volatility units is not a significance test, and neither is a z-score. They measure different things and are not interchangeable.
  • Channels with no licensed or loaded source are shown as empty panels, not as flat lines. “We cannot see this” is not “this did not move”.
  • Nothing is interpolated. Where several offsets resolve to one published figure, that is what the publisher printed, and the change against the event date is zero because it is the same number.

Czechia: supply, refineries and pump prices →

How to read the labels

  • OfficialReported directly by an official authority.
  • VerifiedReported by a third party we have verified against a primary record.
  • CalculatedComputed by us from reported inputs. The method is published on the methodology page.
  • Inferred · highNot reported. Inferred from at least two independent physical records.
  • Inferred · mediumNot reported. Inferred from strong indirect evidence, with no explicit confirmation.
  • Inferred · lowNot reported. Plausible from infrastructure or movement data only. Do not read as fact.
  • UnknownNo defensible public evidence establishes this. We are not guessing, and this is not a measurement of zero.