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.

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

277 published readings, 9 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+901,025,604108,9962022-01-01: 695,600 tonnes, used for offsets −30same print as T0 — 2022-02-01, 696,000 tonnes, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 936,900 tonnes, used for offsets +7, +14, +302022-04-01: 648,200 tonnes, used for offsets +602022-05-01: 197,700 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
−302022-01-01695,600-400.000-0.06%-0.00
−142022-02-01same print as T0696,0000.0000.00%0.00
−72022-02-01same print as T0696,0000.0000.00%0.00
−32022-02-01same print as T0696,0000.0000.00%0.00
−12022-02-01same print as T0696,0000.0000.00%0.00
T02022-02-01same print as T0696,0000.0000.00%0.00
+12022-02-01same print as T0696,0000.0000.00%0.00
+32022-02-01same print as T0696,0000.0000.00%0.00
+72022-03-01936,900+240,900+34.61%+1.42
+142022-03-01936,900+240,900+34.61%+1.42
+302022-03-01936,900+240,900+34.61%+1.42
+602022-04-01648,200-47,800-6.87%-0.28
+902022-05-01197,700-498,300-71.59%-2.94

One volatility unit for this series is 24.32%, 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+901.1290.7342022-01-24: 0.7719 € per litre, used for offsets −302022-02-07: 0.8050 € per litre, used for offsets −142022-02-14: 0.8214 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.8363 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.8653 € per litre, used for offsets +72022-03-07: 0.9500 € per litre, used for offsets +142022-03-21: 1.025 € per litre, used for offsets +302022-04-25: 1.011 € per litre, used for offsets +602022-05-23: 1.090 € 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
−302022-01-240.7719-0.064-7.70%-2.01
−142022-02-070.8050-0.031-3.74%-0.97
−72022-02-140.8214-0.015-1.79%-0.47
−32022-02-21same print as T00.83630.0000.00%0.00
−12022-02-21same print as T00.83630.0000.00%0.00
T02022-02-21same print as T00.83630.0000.00%0.00
+12022-02-21same print as T00.83630.0000.00%0.00
+32022-02-21same print as T00.83630.0000.00%0.00
+72022-02-280.8653+0.029+3.46%+0.90
+142022-03-070.9500+0.114+13.60%+3.54
+302022-03-211.025+0.189+22.58%+5.88
+602022-04-251.011+0.174+20.85%+5.43
+902022-05-231.090+0.254+30.39%+7.91

One volatility unit for this series is 3.84%, 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+900.9590.7102022-01-24: 0.7344 € per litre, used for offsets −302022-02-07: 0.7586 € per litre, used for offsets −142022-02-14: 0.7705 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.7816 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.8057 € per litre, used for offsets +72022-03-07: 0.8667 € per litre, used for offsets +142022-03-21: 0.9153 € per litre, used for offsets +302022-04-25: 0.8792 € per litre, used for offsets +602022-05-23: 0.9350 € 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
−302022-01-240.7344-0.047-6.03%-2.98
−142022-02-070.7586-0.023-2.94%-1.45
−72022-02-140.7705-0.011-1.41%-0.70
−32022-02-21same print as T00.78160.0000.00%0.00
−12022-02-21same print as T00.78160.0000.00%0.00
T02022-02-21same print as T00.78160.0000.00%0.00
+12022-02-21same print as T00.78160.0000.00%0.00
+32022-02-21same print as T00.78160.0000.00%0.00
+72022-02-280.8057+0.024+3.09%+1.52
+142022-03-070.8667+0.085+10.89%+5.37
+302022-03-210.9153+0.134+17.10%+8.44
+602022-04-250.8792+0.098+12.49%+6.16
+902022-05-230.9350+0.153+19.63%+9.68

One volatility unit for this series is 2.03%, 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+9046.180.002022-01-01: 0 % of imported tonnes, used for offsets −302022-03-01: 0 % of imported tonnes, used for offsets +7, +14, +302022-02-01: 0 to 11.97 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2022-04-01: 0 to 25.93 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2022-05-01: 0 to 41.23 % 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
−302022-01-010not publishednot publishednot published
−142022-02-010–11.97not publishednot publishednot published
−72022-02-010–11.97not publishednot publishednot published
−32022-02-010–11.97not publishednot publishednot published
−12022-02-010–11.97not publishednot publishednot published
T02022-02-010–11.97not publishednot publishednot published
+12022-02-010–11.97not publishednot publishednot published
+32022-02-010–11.97not publishednot publishednot published
+72022-03-010not publishednot publishednot published
+142022-03-010not publishednot publishednot published
+302022-03-010not publishednot publishednot published
+602022-04-010–25.93not publishednot publishednot published
+902022-05-010–41.23not 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+9094.9685.042022-01-01: 94.00 days of cover, used for offsets −30same print as T0 — 2022-02-01, 93.00 days of cover, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 91.00 days of cover, used for offsets +7, +14, +302022-04-01: 86.00 days of cover, used for offsets +602022-05-01: 86.00 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+1.08%+0.61
−142022-02-01same print as T093.000.0000.00%0.00
−72022-02-01same print as T093.000.0000.00%0.00
−32022-02-01same print as T093.000.0000.00%0.00
−12022-02-01same print as T093.000.0000.00%0.00
T02022-02-01same print as T093.000.0000.00%0.00
+12022-02-01same print as T093.000.0000.00%0.00
+32022-02-01same print as T093.000.0000.00%0.00
+72022-03-0191.00-2.000-2.15%-1.23
+142022-03-0191.00-2.000-2.15%-1.23
+302022-03-0191.00-2.000-2.15%-1.23
+602022-04-0186.00-7.000-7.53%-4.29
+902022-05-0186.00-7.000-7.53%-4.29

One volatility unit for this series is 1.75%, 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+901,304,988985,8122022-01-01: 1,028,400 tonnes, used for offsets −30same print as T0 — 2022-02-01, 1,092,300 tonnes, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 1,274,100 tonnes, used for offsets +7, +14, +302022-04-01: 1,187,700 tonnes, used for offsets +602022-05-01: 1,016,700 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
−302022-01-011,028,400-63,900-5.85%-0.71
−142022-02-01same print as T01,092,3000.0000.00%0.00
−72022-02-01same print as T01,092,3000.0000.00%0.00
−32022-02-01same print as T01,092,3000.0000.00%0.00
−12022-02-01same print as T01,092,3000.0000.00%0.00
T02022-02-01same print as T01,092,3000.0000.00%0.00
+12022-02-01same print as T01,092,3000.0000.00%0.00
+32022-02-01same print as T01,092,3000.0000.00%0.00
+72022-03-011,274,100+181,800+16.64%+2.02
+142022-03-011,274,100+181,800+16.64%+2.02
+302022-03-011,274,100+181,800+16.64%+2.02
+602022-04-011,187,700+95,400+8.73%+1.06
+902022-05-011,016,700-75,600-6.92%-0.84

One volatility unit for this series is 8.24%, 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+900.1170.0002022-01-24: 0.0035 € per litre, used for offsets −302022-02-07: 0.0123 € per litre, used for offsets −142022-02-14: 0.0036 € 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: 0.0244 € per litre, used for offsets +72022-03-07: 0.0591 € per litre, used for offsets +142022-03-21: 0.1046 € per litre, used for offsets +302022-04-25: 0.0442 € per litre, used for offsets +602022-05-23: 0.0018 € 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
−302022-01-240.0035+0.004not publishednot published
−142022-02-070.0123+0.012not publishednot published
−72022-02-140.0036+0.004not 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
+72022-02-280.0244+0.024not publishednot published
+142022-03-070.0591+0.059not publishednot published
+302022-03-210.1046+0.105not publishednot published
+602022-04-250.0442+0.044not publishednot published
+902022-05-230.0018+0.002not 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+900.1500.0002022-01-24: 0.0087 € per litre, used for offsets −302022-02-07: 0.0074 € per litre, used for offsets −142022-02-14: 0.0007 € 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: 0.0106 € per litre, used for offsets +72022-03-07: 0.0405 € per litre, used for offsets +142022-03-21: 0.0494 € per litre, used for offsets +302022-04-25: 0.0367 € per litre, used for offsets +602022-05-23: 0.1336 € 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
−302022-01-240.0087+0.009not publishednot published
−142022-02-070.0074+0.007not publishednot published
−72022-02-140.0007+0.001not 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
+72022-02-280.0106+0.011not publishednot published
+142022-03-070.0405+0.040not publishednot published
+302022-03-210.0494+0.049not publishednot published
+602022-04-250.0367+0.037not publishednot published
+902022-05-230.1336+0.134not 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+901.8691.3372022-01-24: 1.388 € per litre, used for offsets −302022-02-07: 1.439 € per litre, used for offsets −142022-02-14: 1.448 € per litre, used for offsets −7same print as T0 — 2022-02-21, 1.462 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 1.527 € per litre, used for offsets +72022-03-07: 1.671 € per litre, used for offsets +142022-03-21: 1.817 € per litre, used for offsets +302022-04-25: 1.727 € per litre, used for offsets +602022-05-23: 1.772 € 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
−302022-01-241.388-0.074-5.04%-3.71
−142022-02-071.439-0.023-1.57%-1.16
−72022-02-141.448-0.014-0.94%-0.69
−32022-02-21same print as T01.4620.0000.00%0.00
−12022-02-21same print as T01.4620.0000.00%0.00
T02022-02-21same print as T01.4620.0000.00%0.00
+12022-02-21same print as T01.4620.0000.00%0.00
+32022-02-21same print as T01.4620.0000.00%0.00
+72022-02-281.527+0.065+4.42%+3.25
+142022-03-071.671+0.209+14.30%+10.52
+302022-03-211.817+0.355+24.29%+17.87
+602022-04-251.727+0.264+18.09%+13.31
+902022-05-231.772+0.310+21.19%+15.59

One volatility unit for this series is 1.36%, 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+901.9041.4162022-01-24: 1.463 € per litre, used for offsets −302022-02-07: 1.491 € per litre, used for offsets −142022-02-14: 1.497 € per litre, used for offsets −7same print as T0 — 2022-02-21, 1.510 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 1.552 € per litre, used for offsets +72022-03-07: 1.662 € per litre, used for offsets +142022-03-21: 1.731 € per litre, used for offsets +302022-04-25: 1.672 € per litre, used for offsets +602022-05-23: 1.857 € 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
−302022-01-241.463-0.047-3.08%-2.74
−142022-02-071.491-0.019-1.25%-1.11
−72022-02-141.497-0.013-0.83%-0.74
−32022-02-21same print as T01.5100.0000.00%0.00
−12022-02-21same print as T01.5100.0000.00%0.00
T02022-02-21same print as T01.5100.0000.00%0.00
+12022-02-21same print as T01.5100.0000.00%0.00
+32022-02-21same print as T01.5100.0000.00%0.00
+72022-02-281.552+0.042+2.79%+2.47
+142022-03-071.662+0.152+10.07%+8.94
+302022-03-211.731+0.222+14.67%+13.03
+602022-04-251.672+0.163+10.77%+9.57
+902022-05-231.857+0.347+23.01%+20.44

One volatility unit for this series is 1.13%, 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+901.1720.7332022-01-24: 0.7754 € per litre, used for offsets −302022-02-07: 0.8173 € per litre, used for offsets −142022-02-14: 0.8250 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.8363 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.8897 € per litre, used for offsets +72022-03-07: 1.009 € per litre, used for offsets +142022-03-21: 1.130 € per litre, used for offsets +302022-04-25: 1.055 € per litre, used for offsets +602022-05-23: 1.092 € 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
−302022-01-240.7754-0.061-7.28%-3.19
−142022-02-070.8173-0.019-2.27%-1.00
−72022-02-140.8250-0.011-1.36%-0.59
−32022-02-21same print as T00.83630.0000.00%0.00
−12022-02-21same print as T00.83630.0000.00%0.00
T02022-02-21same print as T00.83630.0000.00%0.00
+12022-02-21same print as T00.83630.0000.00%0.00
+32022-02-21same print as T00.83630.0000.00%0.00
+72022-02-280.8897+0.053+6.38%+2.80
+142022-03-071.009+0.173+20.66%+9.05
+302022-03-211.130+0.293+35.09%+15.37
+602022-04-251.055+0.219+26.14%+11.45
+902022-05-231.092+0.256+30.61%+13.41

One volatility unit for this series is 2.28%, 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+901.1080.7042022-01-24: 0.7431 € per litre, used for offsets −302022-02-07: 0.7660 € per litre, used for offsets −142022-02-14: 0.7712 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.7816 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.8163 € per litre, used for offsets +72022-03-07: 0.9072 € per litre, used for offsets +142022-03-21: 0.9646 € per litre, used for offsets +302022-04-25: 0.9159 € per litre, used for offsets +602022-05-23: 1.069 € 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
−302022-01-240.7431-0.038-4.92%-2.30
−142022-02-070.7660-0.016-1.99%-0.93
−72022-02-140.7712-0.010-1.32%-0.62
−32022-02-21same print as T00.78160.0000.00%0.00
−12022-02-21same print as T00.78160.0000.00%0.00
T02022-02-21same print as T00.78160.0000.00%0.00
+12022-02-21same print as T00.78160.0000.00%0.00
+32022-02-21same print as T00.78160.0000.00%0.00
+72022-02-280.8163+0.035+4.45%+2.08
+142022-03-070.9072+0.126+16.07%+7.51
+302022-03-210.9646+0.183+23.42%+10.95
+602022-04-250.9159+0.134+17.19%+8.04
+902022-05-231.069+0.287+36.73%+17.17

One volatility unit for this series is 2.14%, 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+900.6960.6042022-01-24: 0.6130 € per litre, used for offsets −302022-02-07: 0.6218 € per litre, used for offsets −142022-02-14: 0.6234 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.6258 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.6370 € per litre, used for offsets +72022-03-07: 0.6620 € per litre, used for offsets +142022-03-21: 0.6874 € per litre, used for offsets +302022-04-25: 0.6717 € per litre, used for offsets +602022-05-23: 0.6795 € 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
−302022-01-240.6130-0.013-2.04%-3.12
−142022-02-070.6218-0.004-0.64%-0.97
−72022-02-140.6234-0.002-0.38%-0.58
−32022-02-21same print as T00.62580.0000.00%0.00
−12022-02-21same print as T00.62580.0000.00%0.00
T02022-02-21same print as T00.62580.0000.00%0.00
+12022-02-21same print as T00.62580.0000.00%0.00
+32022-02-21same print as T00.62580.0000.00%0.00
+72022-02-280.6370+0.011+1.79%+2.73
+142022-03-070.6620+0.036+5.80%+8.85
+302022-03-210.6874+0.062+9.85%+15.02
+602022-04-250.6717+0.046+7.34%+11.19
+902022-05-230.6795+0.054+8.59%+13.10

One volatility unit for this series is 0.66%, 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+900.7960.7122022-01-24: 0.7199 € per litre, used for offsets −302022-02-07: 0.7247 € per litre, used for offsets −142022-02-14: 0.7258 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.7280 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.7353 € per litre, used for offsets +72022-03-07: 0.7544 € per litre, used for offsets +142022-03-21: 0.7664 € per litre, used for offsets +302022-04-25: 0.7562 € per litre, used for offsets +602022-05-23: 0.7883 € 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
−302022-01-240.7199-0.008-1.11%-1.90
−142022-02-070.7247-0.003-0.45%-0.77
−72022-02-140.7258-0.002-0.30%-0.51
−32022-02-21same print as T00.72800.0000.00%0.00
−12022-02-21same print as T00.72800.0000.00%0.00
T02022-02-21same print as T00.72800.0000.00%0.00
+12022-02-21same print as T00.72800.0000.00%0.00
+32022-02-21same print as T00.72800.0000.00%0.00
+72022-02-280.7353+0.007+1.00%+1.72
+142022-03-070.7544+0.026+3.62%+6.22
+302022-03-210.7664+0.038+5.28%+9.07
+602022-04-250.7562+0.028+3.88%+6.66
+902022-05-230.7883+0.060+8.28%+14.23

One volatility unit for this series is 0.58%, 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.Observed91.00 days of cover at +30 d (published 2022-03-01)-2.15% from the level at T0 = -1.23 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.Observed1,274,100 tonnes at +30 d (published 2022-03-01)+16.64% from the level at T0 = +2.02 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.Observed1.130 € per litre at +30 d (published 2022-03-21)+35.09% from the level at T0 = +15.37 volatility units
Pump price with taxWhat a driver actually paid.Observed1.817 € per litre at +30 d (published 2022-03-21)+24.29% from the level at T0 = +17.87 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: Lithuania, 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 'lithuania'. 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), Lithuania's pre-tax petrol price moved +4.4%, which is 2.1 times its normal week-to-week variation over the previous three years — outside that range.

    about LithuaniaCalculatedOfficial
    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
    0.81632
    status
    OBSERVED
    country
    Lithuania
    z_score
    12.632039546669601
    t0_value
    0.7815700000000001
    fuel_type
    EURO_SUPER_95
    change_pct
    4.446178845145021
    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_LT_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    2.0782802847993875
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.03474999999999995
    change_pct_from_t0
    4.446178845145021
    observation_gap_days
    3
    normal_volatility_pct
    2.139354772147205
    change_in_volatility_units
    2.0782802847993875
    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
    0.81632
    status
    OBSERVED
    country
    Lithuania
    z_score
    12.632039546669601
    t0_value
    0.7815700000000001
    fuel_type
    EURO_SUPER_95
    change_pct
    4.446178845145021
    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_LT_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    2.0782802847993875
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.03474999999999995
    change_pct_from_t0
    4.446178845145021
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    2.139354772147205
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    2.0782802847993875

    Template event.price_move.outside_normal v1.1 · Fingerprint 4696460cb2e6ec4e4574d3615c2ca7b681b180b3890e1b057eaa7bcf1c4f34d3 · 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), Lithuania's pre-tax petrol price moved +23.4%, which is 10.9 times its normal week-to-week variation over the previous three years — outside that range.

    about LithuaniaCalculatedOfficial
    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
    0.96464
    status
    OBSERVED
    country
    Lithuania
    z_score
    36.28616454192934
    t0_value
    0.7815700000000001
    fuel_type
    EURO_SUPER_95
    change_pct
    23.423365789372664
    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_LT_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    10.948799186711492
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.18306999999999995
    change_pct_from_t0
    23.423365789372664
    observation_gap_days
    5
    normal_volatility_pct
    2.139354772147205
    change_in_volatility_units
    10.948799186711492
    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
    0.96464
    status
    OBSERVED
    country
    Lithuania
    z_score
    36.28616454192934
    t0_value
    0.7815700000000001
    fuel_type
    EURO_SUPER_95
    change_pct
    23.423365789372664
    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_LT_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    10.948799186711492
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.18306999999999995
    change_pct_from_t0
    23.423365789372664
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    2.139354772147205
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    10.948799186711492

    Template event.price_move.outside_normal v1.1 · Fingerprint fb0437c734406a4a23d91c525c311896cf510f11f9612d42278094090e3de725 · 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), Lithuania's pre-tax petrol price moved +36.7%, which is 17.2 times its normal week-to-week variation over the previous three years — outside that range.

    about LithuaniaCalculatedOfficial
    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
    1.06867
    status
    OBSERVED
    country
    Lithuania
    z_score
    52.876904989993456
    t0_value
    0.7815700000000001
    fuel_type
    EURO_SUPER_95
    change_pct
    36.73375385442121
    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_LT_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    17.170482583191504
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.2870999999999999
    change_pct_from_t0
    36.73375385442121
    observation_gap_days
    2
    normal_volatility_pct
    2.139354772147205
    change_in_volatility_units
    17.170482583191504
    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
    1.06867
    status
    OBSERVED
    country
    Lithuania
    z_score
    52.876904989993456
    t0_value
    0.7815700000000001
    fuel_type
    EURO_SUPER_95
    change_pct
    36.73375385442121
    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_LT_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    17.170482583191504
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.2870999999999999
    change_pct_from_t0
    36.73375385442121
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    2.139354772147205
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    17.170482583191504

    Template event.price_move.outside_normal v1.1 · Fingerprint 356f3b3719bbf29f4fe8fc373f4cd98bdf07adc60dca825f95f6728f3e51b05d · 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), Lithuania's tax-inclusive petrol price moved +2.8%, which is 2.5 times its normal week-to-week variation over the previous three years — outside that range.

    about LithuaniaCalculatedOfficial
    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
    1.55161
    status
    OBSERVED
    country
    Lithuania
    z_score
    12.632200163287502
    t0_value
    1.50956
    fuel_type
    EURO_SUPER_95
    change_pct
    2.7855799040780043
    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_LT_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    2.4738825760945393
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.04204999999999992
    change_pct_from_t0
    2.7855799040780043
    observation_gap_days
    3
    normal_volatility_pct
    1.1259951992044563
    change_in_volatility_units
    2.4738825760945393
    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
    1.55161
    status
    OBSERVED
    country
    Lithuania
    z_score
    12.632200163287502
    t0_value
    1.50956
    fuel_type
    EURO_SUPER_95
    change_pct
    2.7855799040780043
    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_LT_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    2.4738825760945393
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.04204999999999992
    change_pct_from_t0
    2.7855799040780043
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    1.1259951992044563
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    2.4738825760945393

    Template event.price_move.outside_normal v1.1 · Fingerprint d730532a9ee8fc909319135c4d52526c57468ee19dc6de7b551f049cfe9d2946 · 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), Lithuania's tax-inclusive petrol price moved +14.7%, which is 13.0 times its normal week-to-week variation over the previous three years — outside that range.

    about LithuaniaCalculatedOfficial
    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
    1.73108
    status
    OBSERVED
    country
    Lithuania
    z_score
    36.286026271120036
    t0_value
    1.50956
    fuel_type
    EURO_SUPER_95
    change_pct
    14.674474681364101
    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_LT_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    13.032448710022905
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.22151999999999994
    change_pct_from_t0
    14.674474681364101
    observation_gap_days
    5
    normal_volatility_pct
    1.1259951992044563
    change_in_volatility_units
    13.032448710022905
    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
    1.73108
    status
    OBSERVED
    country
    Lithuania
    z_score
    36.286026271120036
    t0_value
    1.50956
    fuel_type
    EURO_SUPER_95
    change_pct
    14.674474681364101
    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_LT_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    13.032448710022905
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.22151999999999994
    change_pct_from_t0
    14.674474681364101
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    1.1259951992044563
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    13.032448710022905

    Template event.price_move.outside_normal v1.1 · Fingerprint 1481f9f4cb2c54c01739f506766d3d68734b6ac5b16c541b00cb27dd45a03850 · 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), Lithuania's tax-inclusive petrol price moved +23.0%, which is 20.4 times its normal week-to-week variation over the previous three years — outside that range.

    about LithuaniaCalculatedOfficial
    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
    1.85695
    status
    OBSERVED
    country
    Lithuania
    z_score
    52.87546791703793
    t0_value
    1.50956
    fuel_type
    EURO_SUPER_95
    change_pct
    23.012665942393816
    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_LT_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    20.437623498441944
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.3473900000000001
    change_pct_from_t0
    23.012665942393816
    observation_gap_days
    2
    normal_volatility_pct
    1.1259951992044563
    change_in_volatility_units
    20.437623498441944
    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
    1.85695
    status
    OBSERVED
    country
    Lithuania
    z_score
    52.87546791703793
    t0_value
    1.50956
    fuel_type
    EURO_SUPER_95
    change_pct
    23.012665942393816
    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_LT_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    20.437623498441944
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.3473900000000001
    change_pct_from_t0
    23.012665942393816
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    1.1259951992044563
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    20.437623498441944

    Template event.price_move.outside_normal v1.1 · Fingerprint 8299a5562db412740865048654f67338694f2eb427376e6aef193cafb7b3e7ec · 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), Lithuania's pre-tax diesel price moved +6.4%, which is 2.8 times its normal week-to-week variation over the previous three years — outside that range.

    about LithuaniaCalculatedOfficial
    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
    0.88971
    status
    OBSERVED
    country
    Lithuania
    z_score
    12.087073416020687
    t0_value
    0.83633
    fuel_type
    DIESEL
    change_pct
    6.38264799779991
    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_LT_DIESEL
    series_kind
    pre-tax
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    2.7964442996045586
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.05337999999999998
    change_pct_from_t0
    6.38264799779991
    observation_gap_days
    3
    normal_volatility_pct
    2.282415565617549
    change_in_volatility_units
    2.7964442996045586
    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
    0.88971
    status
    OBSERVED
    country
    Lithuania
    z_score
    12.087073416020687
    t0_value
    0.83633
    fuel_type
    DIESEL
    change_pct
    6.38264799779991
    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_LT_DIESEL
    series_kind
    pre-tax
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    2.7964442996045586
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.05337999999999998
    change_pct_from_t0
    6.38264799779991
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    2.282415565617549
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    2.7964442996045586

    Template event.price_move.outside_normal v1.1 · Fingerprint 1066206024b173436a86829b1958b2e3a589ef2d2b09071612ee25b1ae8a9680 · 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), Lithuania's pre-tax diesel price moved +35.1%, which is 15.4 times its normal week-to-week variation over the previous three years — outside that range.

    about LithuaniaCalculatedOfficial
    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
    1.12978
    status
    OBSERVED
    country
    Lithuania
    z_score
    33.2098666097174
    t0_value
    0.83633
    fuel_type
    DIESEL
    change_pct
    35.0878241842335
    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_LT_DIESEL
    series_kind
    pre-tax
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    15.373109399006331
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.29345
    change_pct_from_t0
    35.0878241842335
    observation_gap_days
    5
    normal_volatility_pct
    2.282415565617549
    change_in_volatility_units
    15.373109399006331
    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
    1.12978
    status
    OBSERVED
    country
    Lithuania
    z_score
    33.2098666097174
    t0_value
    0.83633
    fuel_type
    DIESEL
    change_pct
    35.0878241842335
    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_LT_DIESEL
    series_kind
    pre-tax
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    15.373109399006331
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.29345
    change_pct_from_t0
    35.0878241842335
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    2.282415565617549
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    15.373109399006331

    Template event.price_move.outside_normal v1.1 · Fingerprint 1d0c288cc0a7d462fd3f5d231a46f33f61b60e41d4b4c45a6834428ba0765a9b · 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), Lithuania's pre-tax diesel price moved +30.6%, which is 13.4 times its normal week-to-week variation over the previous three years — outside that range.

    about LithuaniaCalculatedOfficial
    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
    1.09232
    status
    OBSERVED
    country
    Lithuania
    z_score
    29.913911958841073
    t0_value
    0.83633
    fuel_type
    DIESEL
    change_pct
    30.60873100331208
    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_LT_DIESEL
    series_kind
    pre-tax
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    13.410673965076263
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.25598999999999994
    change_pct_from_t0
    30.60873100331208
    observation_gap_days
    2
    normal_volatility_pct
    2.282415565617549
    change_in_volatility_units
    13.410673965076263
    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
    1.09232
    status
    OBSERVED
    country
    Lithuania
    z_score
    29.913911958841073
    t0_value
    0.83633
    fuel_type
    DIESEL
    change_pct
    30.60873100331208
    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_LT_DIESEL
    series_kind
    pre-tax
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    13.410673965076263
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.25598999999999994
    change_pct_from_t0
    30.60873100331208
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    2.282415565617549
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    13.410673965076263

    Template event.price_move.outside_normal v1.1 · Fingerprint 61bad18ca935361ea0b85d09e030e3ec3ea2683944bef7e1dcc40de3834960ca · 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), Lithuania's tax-inclusive diesel price moved +4.4%, which is 3.3 times its normal week-to-week variation over the previous three years — outside that range.

    about LithuaniaCalculatedOfficial
    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
    1.5266700000000002
    status
    OBSERVED
    country
    Lithuania
    z_score
    12.08631676451696
    t0_value
    1.46208
    fuel_type
    DIESEL
    change_pct
    4.417678923177948
    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_LT_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    3.250670735082733
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.06459000000000015
    change_pct_from_t0
    4.417678923177948
    observation_gap_days
    3
    normal_volatility_pct
    1.3590053509573659
    change_in_volatility_units
    3.250670735082733
    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
    1.5266700000000002
    status
    OBSERVED
    country
    Lithuania
    z_score
    12.08631676451696
    t0_value
    1.46208
    fuel_type
    DIESEL
    change_pct
    4.417678923177948
    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_LT_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    3.250670735082733
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.06459000000000015
    change_pct_from_t0
    4.417678923177948
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    1.3590053509573659
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    3.250670735082733

    Template event.price_move.outside_normal v1.1 · Fingerprint 633521e06ae57817bbde56ad04a18196c902f0c18268235f9ce1e59dc33a816e · 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), Lithuania's tax-inclusive diesel price moved +24.3%, which is 17.9 times its normal week-to-week variation over the previous three years — outside that range.

    about LithuaniaCalculatedOfficial
    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
    1.81715
    status
    OBSERVED
    country
    Lithuania
    z_score
    33.20744592780971
    t0_value
    1.46208
    fuel_type
    DIESEL
    change_pct
    24.285264828189973
    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_LT_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    17.86988168301321
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.35507
    change_pct_from_t0
    24.285264828189973
    observation_gap_days
    5
    normal_volatility_pct
    1.3590053509573659
    change_in_volatility_units
    17.86988168301321
    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
    1.81715
    status
    OBSERVED
    country
    Lithuania
    z_score
    33.20744592780971
    t0_value
    1.46208
    fuel_type
    DIESEL
    change_pct
    24.285264828189973
    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_LT_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    17.86988168301321
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.35507
    change_pct_from_t0
    24.285264828189973
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    1.3590053509573659
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    17.86988168301321

    Template event.price_move.outside_normal v1.1 · Fingerprint 0c7b6e86eebd4c319c1dadfed9c0ec218cdb8566a2ac7651b9f1a0d7d8b74e54 · 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), Lithuania's tax-inclusive diesel price moved +21.2%, which is 15.6 times its normal week-to-week variation over the previous three years — outside that range.

    about LithuaniaCalculatedOfficial
    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
    1.77183
    status
    OBSERVED
    country
    Lithuania
    z_score
    29.912177497348303
    t0_value
    1.46208
    fuel_type
    DIESEL
    change_pct
    21.185571240971765
    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_LT_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    15.589027096948046
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.30974999999999997
    change_pct_from_t0
    21.185571240971765
    observation_gap_days
    2
    normal_volatility_pct
    1.3590053509573659
    change_in_volatility_units
    15.589027096948046
    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
    1.77183
    status
    OBSERVED
    country
    Lithuania
    z_score
    29.912177497348303
    t0_value
    1.46208
    fuel_type
    DIESEL
    change_pct
    21.185571240971765
    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_LT_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    15.589027096948046
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.30974999999999997
    change_pct_from_t0
    21.185571240971765
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    1.3590053509573659
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    15.589027096948046

    Template event.price_move.outside_normal v1.1 · Fingerprint 3f5015b535cf23c98a9519336ccf8d474476539c4d4d88457cfb29705d1c2d38 · 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 Lithuania's pre-tax petrol price by +13.4 c/L (range +9.4–+17.3); it actually moved +18.3 c/L, leaving +4.9 c/L not explained by crude.

    about LithuaniaCalculatedMedium
    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
    Lithuania
    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_LT_EURO_SUPER_95
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2022-03-21
    pass_through_k
    3
    proxy_from_date
    2022-02-18
    observation_date
    2022-03-21
    gap_eur_per_litre
    0.0493874410974765
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    actual_eur_per_litre
    0.18306999999999995
    expected_eur_per_litre
    0.13368255890252345
    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
    0.09440464173971995
    expected_high_eur_per_litre
    0.1729604760653272
    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
    Lithuania
    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_LT_EURO_SUPER_95
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2022-03-21
    pass_through_k
    3
    proxy_from_date
    2022-02-18
    statement_topic
    event
    observation_date
    2022-03-21
    gap_eur_per_litre
    0.0493874410974765
    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
    0.18306999999999995
    expected_eur_per_litre
    0.13368255890252345
    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
    0.09440464173971995
    expected_high_eur_per_litre
    0.1729604760653272
    proxy_normal_volatility_pct
    180.79993207863203

    Template event.crude_only.computed v1.1 · Fingerprint 7e7e98e899e710c9909567958f75318194d383370aebe80ed932be0cb1a0d16e · 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 Lithuania's pre-tax petrol price by +15.3 c/L (range +6.6–+24.0); it actually moved +28.7 c/L, leaving +13.4 c/L not explained by crude.

    about LithuaniaCalculatedMedium
    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
    Lithuania
    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_LT_EURO_SUPER_95
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2022-05-23
    pass_through_k
    3
    proxy_from_date
    2022-02-18
    observation_date
    2022-05-23
    gap_eur_per_litre
    0.13364672412073195
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    actual_eur_per_litre
    0.2870999999999999
    expected_eur_per_litre
    0.15345327587926796
    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
    0.06640917892125758
    expected_high_eur_per_litre
    0.24049737283727834
    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
    Lithuania
    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_LT_EURO_SUPER_95
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2022-05-23
    pass_through_k
    3
    proxy_from_date
    2022-02-18
    statement_topic
    event
    observation_date
    2022-05-23
    gap_eur_per_litre
    0.13364672412073195
    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
    0.2870999999999999
    expected_eur_per_litre
    0.15345327587926796
    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
    0.06640917892125758
    expected_high_eur_per_litre
    0.24049737283727834
    proxy_normal_volatility_pct
    180.79993207863203

    Template event.crude_only.computed v1.1 · Fingerprint 19b4b534fec460ab9366f4379bb140e9759939c4cb9537ed8ae3606ada0729cb · 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 Lithuania's pre-tax diesel price by +18.9 c/L (range +12.9–+24.9); it actually moved +29.3 c/L, leaving +10.5 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 LithuaniaCalculatedMedium
    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
    Lithuania
    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_LT_DIESEL
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    offset_weeks
    4
    proxy_product
    DIESEL
    proxy_to_date
    2022-03-21
    pass_through_k
    3
    proxy_from_date
    2022-02-18
    observation_date
    2022-03-21
    gap_eur_per_litre
    0.1046199808967894
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    actual_eur_per_litre
    0.29345
    expected_eur_per_litre
    0.1888300191032106
    proxy_volatility_units
    12.233577860390142
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    22.231999999999996
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    expected_low_eur_per_litre
    0.12912957156799418
    expected_high_eur_per_litre
    0.24853046663842832
    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
    Lithuania
    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_LT_DIESEL
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    offset_weeks
    4
    proxy_product
    DIESEL
    proxy_to_date
    2022-03-21
    pass_through_k
    3
    proxy_from_date
    2022-02-18
    statement_topic
    event
    observation_date
    2022-03-21
    gap_eur_per_litre
    0.1046199808967894
    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
    0.29345
    expected_eur_per_litre
    0.1888300191032106
    proxy_volatility_units
    12.233577860390142
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    22.231999999999996
    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
    0.12912957156799418
    expected_high_eur_per_litre
    0.24853046663842832
    proxy_normal_volatility_pct
    8.450955055544933

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint 529bef17fdaa264d7441e8a4f6adde3044499e59e40afa39fbf464265de73e7b · 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 Lithuania's pre-tax diesel price by +25.4 c/L (range +14.1–+36.7); it actually moved +25.6 c/L, leaving +0.2 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 LithuaniaCalculatedMedium
    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
    Lithuania
    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_LT_DIESEL
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    offset_weeks
    13
    proxy_product
    DIESEL
    proxy_to_date
    2022-05-23
    pass_through_k
    3
    proxy_from_date
    2022-02-18
    observation_date
    2022-05-23
    gap_eur_per_litre
    0.001841880473890667
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    actual_eur_per_litre
    0.25598999999999994
    expected_eur_per_litre
    0.2541481195261093
    proxy_volatility_units
    16.427727304969743
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    29.853999999999996
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    expected_low_eur_per_litre
    0.14113147356673736
    expected_high_eur_per_litre
    0.3671647654854829
    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
    Lithuania
    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_LT_DIESEL
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    offset_weeks
    13
    proxy_product
    DIESEL
    proxy_to_date
    2022-05-23
    pass_through_k
    3
    proxy_from_date
    2022-02-18
    statement_topic
    event
    observation_date
    2022-05-23
    gap_eur_per_litre
    0.001841880473890667
    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
    0.25598999999999994
    expected_eur_per_litre
    0.2541481195261093
    proxy_volatility_units
    16.427727304969743
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    29.853999999999996
    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
    0.14113147356673736
    expected_high_eur_per_litre
    0.3671647654854829
    proxy_normal_volatility_pct
    8.450955055544933

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint 9025260ebcf3e351a4dcb68c9bc8d311c808fcdde32e0bd9907e047d85e124e2 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  17. Direct physical dependence on Hormuz-linked crude was moderate (0%–12%) for Lithuania in 2022-02. No point estimate is published: the origins concerned export from both inside and outside the Persian Gulf and the split per period is not public.

    about LithuaniaCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    band
    moderate
    unit
    % of imported tonnes
    period
    2022-02
    status
    NO_OBSERVATION
    country
    Lithuania
    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
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    value_max_pct
    11.9701149425287
    value_min_pct
    0
    exposure_status
    RANGE_ONLY
    value_point_pct
    null
    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
    moderate
    unit
    % of imported tonnes
    period
    2022-02
    status
    NO_OBSERVATION
    country
    Lithuania
    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
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    value_max_pct
    11.9701149425287
    value_min_pct
    0
    exposure_status
    RANGE_ONLY
    statement_topic
    hormuz
    value_point_pct
    null
    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.range v1.1 · Fingerprint e354f8415e3f582997fe69e300c72713036b8bc9283a38a45534ee56c51983d1 · 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 Lithuania in 2022-02.

    about LithuaniaCalculatedHigh
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-02
    status
    OBSERVED
    country
    Lithuania
    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
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    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
    Lithuania
    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
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    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 a0848302581ed71eaf90ad11f98edec119906824198f98a9a95d7c9d98aaac58 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  19. Available evidence does not show a physical supply reduction: Lithuania's reported crude imports in 2022-02 were +1.7% against the mean of the previous 12 months.

    about LithuaniaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    unit
    tonnes
    month
    2022-02
    country
    Lithuania
    change_pct
    1.7048222113979485
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    partner_role
    ORIGIN
    value_tonnes
    696000
    baseline_months
    12
    observation_date
    2022-02-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    baseline_mean_tonnes
    684333.3333333334
    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
    Lithuania
    change_pct
    1.7048222113979485
    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
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    partner_role
    ORIGIN
    value_tonnes
    696000
    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
    684333.3333333334
    study_calculation_version
    event_study-1.0

    Template event.supply.no_reduction v1.1 · Fingerprint ffdf9611587ff07a49f054a1f086aa7a0d416c97c509202f37115b24b529fa16 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  20. In 2022-02, Lithuania's oil stocks stood 3.8% below their trailing 12-month mean — inside the 5% either side that this site reads as in line with it, with 93.0 days of cover (as published).

    about LithuaniaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    unit
    tonnes
    month
    2022-02
    status
    OBSERVED
    country
    Lithuania
    direction
    below
    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_LT
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    days_of_cover
    93
    metric_status
    COMPUTED
    mom_change_pct
    6.213535589264867
    observation_date
    2022-02-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    1092300
    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
    1135233.3333333333
    level_vs_trailing_12m_pct
    -3.781895058284641
    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
    -3.781895058284641
    level_vs_trailing_12m_pct_shown
    -3.8
    inventory_material_deviation_pct
    5
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    unit
    tonnes
    month
    2022-02
    status
    OBSERVED
    country
    Lithuania
    direction
    below
    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_LT
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    days_of_cover
    93
    metric_status
    COMPUTED
    mom_change_pct
    6.213535589264867
    statement_topic
    event
    observation_date
    2022-02-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    1092300
    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
    1135233.3333333333
    level_vs_trailing_12m_pct
    -3.781895058284641
    study_calculation_version
    event_study-1.0
    trailing_12m_observations
    12

    Template event.inventory_level.in_line v1.1 · Fingerprint a0ac11a5712906c56453a7c797fec42d910868e5f6e43cbf072a5bca9af6ebf2 · 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 Lithuania 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 moderate (0–12%) 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 LithuaniaUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    event
    Russian invasion of Ukraine (24 February 2022)
    country
    Lithuania
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    country_iso2
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    dependence_band
    moderate
    dependence_range
    0–12%
    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
    Lithuania
    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
    LT
    country_name
    Lithuania
    country_slug
    lithuania
    dependence_band
    moderate
    statement_topic
    event
    dependence_range
    0–12%
    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 4c33d569a180608cf28be39e76c6231d8c1d2248ff98dfd900e488442e1befd0 · 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.

Lithuania: 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.