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There's panic buying of fuel in Russia now

Russia is experiencing panic buying of fuel as shortages and rising prices lead citizens to stockpile gasoline and diesel, causing long lines at gas stations and prompting government concerns over supply stability.

Background

- Russia is facing localized fuel shortages and panic buying at some gas stations, driven by a combination of refinery drone attacks (from Ukraine), spring agricultural demand, planned maintenance, and a weak ruble making exports more profitable. - The Russian government has imposed a temporary ban on gasoline exports (until summer 2024) to stabilize domestic supply, but some regions still report queues and empty pumps. - This is notable because Russia is a major oil producer and exporter; domestic fuel shortages expose logistical and refinery vulnerabilities often hidden by wartime censorship. - The panic buying echoes Soviet-era shortages and is politically sensitive for the Kremlin, as fuel prices directly affect citizens and key industries like farming.