US diesel hits record $6 a gallon as Iran shock rattles global oil
US diesel hits record $6 a gallon on Iran supply shock
US diesel prices have surged to a record $6 a gallon after an Iran-related supply shock, with oil jumping to $109 a barrel. The spike is reigniting a global bond sell-off and stoking fresh inflation fears across the world's largest economy.
US diesel hits record $6 a gallon on Iran supply shock
- OgsyedIE
Also driving the price up are the Ansarallah advances in Yemen and today's Ansarallah bombings of the Saudi East-West pipeline. The market expects that they'll use military force to attempt to close the Bab al-Mandab strait, with their past attempts at closing the strait, stated goals of closing the strait and newly reported use of Claude to develop medium-range ballistic missile guidance software as evidence.
- comrade1234
Yesterday I saw a full-sized 100% electric Volvo semi-truck here in Zurich. It was owned by Aldi and making a delivery to one of their stores. It was a bit louder than I expected but nevertheless impressive.
https://www.aldi-suisse.ch/de/ueber-aldi-suisse/unternehmen/...
- amelius
But no worries, we'll soon get $5,000 from the US government and this will allow us to buy plenty of gas.
- jaapz
6 dollars per gallon is 1.37 EUR per liter... Here I am in the netherlands paying 2.74 EUR for a liter of diesel...
- beloch
"War is merely the continuation of policy by other means."
"Since war is not an act of senseless passion but is controlled by its political object, the value of this object must determine the sacrifices to be made for it in magnitude and also in duration. Once the expenditure of effort exceeds the value of the political object, the object must be renounced and peace must follow."
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Clausewitz would have been flabbergasted by this war. If we're being overly generous to Trump, we might call it an act of senseless passion. The reality is probably worse. The U.S. still hasn't seemed to figure out what it's policy goals or winning conditions are, aside from the president's desire to be an all-powerful winner. Trump seemingly places no value on his nation's blood or treasure, so it might be a very long time before he begins to feel the effort his nation is expending isn't worth the value of his own vanity.
The U.S. needs to have its magna carta moment and reign in its mad king. Maybe that will come with the mid-terms, or maybe this war will drag on for two more years. Trump isn't going to stop it, now or after the mid-terms. As far as he's concerned, the pain isn't his.
- zhivota
I'd say this should push Americans towards smaller, more fuel efficient cars and EVs, but I know better. The American consumer seems immune to price pressure.
- juliusceasar
The whole world is suffering because of this 2nd Epstein War.
Current administration being blackmailed by Israel.
- larodi
Almost nearing the price in Europe. So still early to complain.