Administration Approaches Diesel Export Ban as Trump’s Iran Conflict Disrupts Energy Markets
The White House is reportedly getting closer to implementing a 90-day ban on diesel exports as the ongoing conflict in Iran continues to disrupt energy markets. This comes as diesel prices reach new all-time highs. According to a report by Politico, the legal framework for such a ban is still under development. However, opinions on […]
Diesel Reaches All-Time High Despite Decline in Oil Prices
Diesel prices surged to an unprecedented $6.53 per gallon on Tuesday, despite a drop in benchmark crude oil prices, which recently fell to a two-week low. By Wednesday, the national diesel average was just shy of that peak, sitting at $6.52 after a slight overnight decline. By comparison, just a year ago, the cost was […]
Trump claims Russia has ‘lost control of its Diesel Oil Industry’ following Ukraine drone strikes and urges for a resolution to the conflict.
Trump Advocates for End to Russia’s War on Ukraine Amid Diesel Price Surge In Washington, President Trump has officially called for an end to Russia’s conflict with Ukraine following a series of Ukrainian strikes targeting Moscow’s energy assets, which have resulted in a noticeable increase in diesel fuel prices. On his Truth Social account, Trump […]
10-year Treasury yield temporarily exceeds 5% due to soaring diesel prices
On Monday, the yield on the US 10-year Treasury briefly crossed the 5% mark for the first time since 2023, driven by rising diesel prices. This surge might lead to higher borrowing costs for mortgages and auto loans. By around 3:20 p.m. ET, the yield retreated to approximately 4.967%. Additionally, the yield for the 20-year […]
Gas prices rise significantly over the past week, with diesel reaching the highest average ever recorded.
Gas and Diesel Prices Surge Amid Ongoing Conflict Gas prices have surged in the last week, increasing by more than 15 cents, with the national average now exceeding $4.31 per gallon, as reported by AAA. In a further setback for consumers, diesel prices have hit an all-time high, reaching roughly $6.23 per gallon as of […]
Trump holds Ukraine responsible for the increase in diesel fuel prices and asks Zelensky to refrain from targeting Russian refineries.
President Trump remarked on Sunday that the surge in diesel prices is linked to Ukraine’s attacks on Russian refineries, urging President Volodymyr Zelensky to put an end to these operations. “Zelensky has to do one thing — he has to stop knocking out diesel fuel in Russia,” Trump stated at his golf course in Doonbeg, […]
Trump advises Zelenskyy to refrain from attacking Russian diesel refineries
Former President Donald Trump has shared a direct message for Ukrainian President Volodymyr Zelenskyy regarding Ukraine’s ongoing military actions against Russia, specifically advising him to refrain from targeting Russian diesel refineries. Trump made these comments during a recent event at his golf club in Doonbeg, Ireland, where he responded to a reporter’s question about whether […]
Trump urges Ukraine to stop attacks on Russian diesel.
Trump Urges Ukraine to Stop Diesel Strikes KYIV, Ukraine (AP) – On Sunday, U.S. President Donald Trump urged Ukrainian President Volodymyr Zelenskyy to cease strikes on Russian diesel, citing concerns that the attacks were creating a fuel shortage. When asked by a reporter if he had contacted Zelenskyy after his recent talks with Russia’s Vladimir […]
Oil Traders Caution That Diesel Shortage Will Continue Throughout Winter as US Prices Reach All-Time High
Diesel prices in the U.S. reached a new high on Monday, with refineries operating at nearly full capacity. Oil industry leaders have indicated that supply will remain tight as we head into winter. At the Asia Pacific Petroleum Conference in Singapore, Vitol CEO Russell Hardy mentioned that the global market is facing a deficit of […]
Diesel Prices Are Now Increased Compared to the Levels During Biden’s Administration
Diesel prices in the U.S. surged to an all-time high on Friday due to the ongoing war in Iran and issues with global refining capabilities, which have tightened fuel supplies significantly. The average national price for diesel hit $5.85 per gallon, exceeding the previous national record set in 2022 during the energy crisis that followed […]