Oil (Brent) prices down, and so too gasoline and diesel. But not back to pre-War.

Figure 1: Brent avg of daily (black), regular gasoline (blue), and diesel (red), all in logs, 2/27/2026=0. Source: EIA via FRED, and author’s calculations.

That being said, Brent remains in (slight) contango with peak prices at November settlement.