Fuel prices in France have hit record highs, with E10 gasoline averaging 2.10 euros per liter and diesel at 2.27 euros per liter, according to the Radio France Agency. These figures reflect a significant increase in the cost of transportation and daily life for many French citizens. Philippe Casbas, president of Ufip Énergies et Mobilités (the French Union of Petroleum Industries), said there is no immediate risk of fuel shortages, but he warned that ongoing issues in refining and the absence of safety stock reserves could lead to even higher prices. Casbas explained that while the price of crude oil contributes significantly to the final cost of fuel, taxes make up nearly 60% of the price. Crude oil accounts for about a third of the total cost. Additional factors such as refining capacity and global demand are currently challenging the industry. He pointed out that refining capacity is the most pressing issue, with refineries in the Gulf region unable to operate effectively because they cannot transport the finished products. According to Casbas, Russian refining capabilities, which have been damaged by Ukrainian attacks, are no longer able to meet domestic demand and have stopped exporting fuel. Russia is now seeking to import fuel for its own use. He also mentioned that maintenance operations in refineries have been delayed as much as possible, but these are expected to occur soon, including in the United States, where some refining operations will halt next week for maintenance. Despite these challenges, Casbas does not foresee a fuel shortage at this time. However, he emphasized that the current situation makes it impossible to rebuild precautionary fuel reserves. The stocks that were previously maintained in the distribution chain to handle potential crises have not yet been restored, leaving the industry more vulnerable to unexpected disruptions.