Fuel prices, already high due to a recovering post-pandemic economy, surged even higher after Russia's invasion of Ukraine on February 2022. As of May of that same year, UCOME (used cooking oil methyl ester) average wholesale prices were higher than any other fuel, standing at 2,607 U.S. dollars per metric ton of oil equivalent. This represented an increase of over 124 percent when compared to 2018/2019 average prices. However, the largest price increase was reported for TME (tallow methyl ester). As of May 2022, TME's average wholesale price amounted to 1,112 U.S. dollars per metric ton of oil equivalent, up by more than 133 percent in comparison to 2018/2019.
Comparison of average wholesale motor fuel prices in Europe in 2018/19 and May 2022 as a result of the Russia-Ukraine war, by fuel type
(in U.S. dollars per metric ton of oil equivalent)
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Transport & Environment. (June 30, 2022). Comparison of average wholesale motor fuel prices in Europe in 2018/19 and May 2022 as a result of the Russia-Ukraine war, by fuel type (in U.S. dollars per metric ton of oil equivalent) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1326377/impact-of-the-russia-ukraine-war-on-average-wholesale-fuel-prices/
Transport & Environment. "Comparison of average wholesale motor fuel prices in Europe in 2018/19 and May 2022 as a result of the Russia-Ukraine war, by fuel type (in U.S. dollars per metric ton of oil equivalent)." Chart. June 30, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1326377/impact-of-the-russia-ukraine-war-on-average-wholesale-fuel-prices/
Transport & Environment. (2022). Comparison of average wholesale motor fuel prices in Europe in 2018/19 and May 2022 as a result of the Russia-Ukraine war, by fuel type (in U.S. dollars per metric ton of oil equivalent). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1326377/impact-of-the-russia-ukraine-war-on-average-wholesale-fuel-prices/
Transport & Environment. "Comparison of Average Wholesale Motor Fuel Prices in Europe in 2018/19 and May 2022 as a Result of The Russia-ukraine War, by Fuel Type (in U.S. Dollars per Metric Ton of Oil Equivalent)." Statista, Statista Inc., 30 Jun 2022, https://www.statista.com/statistics/1326377/impact-of-the-russia-ukraine-war-on-average-wholesale-fuel-prices/
Transport & Environment, Comparison of average wholesale motor fuel prices in Europe in 2018/19 and May 2022 as a result of the Russia-Ukraine war, by fuel type (in U.S. dollars per metric ton of oil equivalent) Statista, https://www.statista.com/statistics/1326377/impact-of-the-russia-ukraine-war-on-average-wholesale-fuel-prices/ (last visited December 22, 2024)
Comparison of average wholesale motor fuel prices in Europe in 2018/19 and May 2022 as a result of the Russia-Ukraine war, by fuel type (in U.S. dollars per metric ton of oil equivalent) [Graph], Transport & Environment, June 30, 2022. [Online]. Available: https://www.statista.com/statistics/1326377/impact-of-the-russia-ukraine-war-on-average-wholesale-fuel-prices/
