Russia has a plan to ease the gasoline crisis: lower fuel standards, expand subsidies, and wait out Ukraine’s refinery strikes

Russia is going through an acute phase of its gasoline crisis.

We’ve written before that several indicators — among them a drop in refining volumes to multiyear lows alongside high crude exports — point indirectly to a serious collapse in refining.

All of this is unfolding against a campaign of long-range Ukrainian strikes on refineries and other targets deep inside the country.

Panic is feeding the crisis, too, driven by a flood of reports from the regions about limits on how much gasoline any one customer can buy.

In just the past couple of days: ...