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Diesel Tops $5, Echoing 2022 Russia-Ukraine Invasion Energy Shock
Diesel Tops $5, Echoing 2022 Russia-Ukraine Invasion Energy Shock
US Fuel Spike Summary:
AAA national average diesel prices have jumped 34%, the largest increase for any month on record.
AAA national average gasoline prices have jumped 24.5%, also the largest increase for any month on record.
The spike in refined products comes just ahead of driving season and, if it persists long enough, could dent consumer sentiment polls.
The Trump administration assures the conflict will be short-term.
Countdown to Memorial Day driving season: 69 days.
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Update (0840ET)
The partially paralyzed Hormuz chokepoint...
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Apr 28, 2026 / Tyler Durden
US Energy Chief Says Hormuz Can Reopen Without Clearing All Mines, Warns Iran Shut-ins Could Be Devastating
US Energy Chief Says Hormuz Can Reopen Without Clearing All Mines, Warns Iran Shut-ins Could Be Devastating
US Energy Secretary Chris Wright said that not all mines placed by Iran in the Strait of Hormuz need to removed for ships to resume transiting the vital passageway: “You just need a pathway for ships to be moved in and out,” Wright said in an interview on the sidelines of the Three Seas Summit and Business Forum in Dubrovnik. “I think that can happen quickly” he added suggesting that a restart can happen...
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Aug 9, 2026 / Dave DeCamp
Yemen’s Ansar Allah Targets Saudi Oil Refinery, Saudi-Backed Forces in Yemeni Port of Mocha
Yemen’s Ansar Allah, also known as the Houthis, launched attacks on Sunday targeting both an oil refinery inside Saudi Arabia and Saudi-backed forces in the Yemeni port city of Mocha. Ansar Allah military spokesman Yahya Saree said early Sunday that a Saudi Aramco facility in Jizan, a Red Sea port city in southern Saudi Arabia, […]
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Mar 20, 2026 / Tyler Durden
Bond Markets Are Beginning To Panic Over Inflation
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