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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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Antebellum Federal Protections of Slavery
Unfortunately, slavery was not just propped up by policy in the slave states, but federally. It is often overlooked that the federal government—not just slave states—had implemented legal protections of slavery by policy for decades.
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Iran Announces Fuel Rationing As Brent Tops War Highs, After Trump Rejects Tehran's Latest Offer
Iran Announces Fuel Rationing As Brent Tops War Highs, After Trump Rejects Tehran's Latest Offer
Summary
Brent crude briefly reaches $119/barrel - Iran war high.
CENTCOM reportedly preparing for "short wave of strikes" on Iran in order to potentially break the Hormuz impasse & force Tehran back to the negotiating table. Trump rejects Iran proposal as it won't give up nuclear program.
Trump recently met this week with oil and gas executives at the White House to address energy fallout, and as oil pushes higher: Axios.
Trump warns Iran to "get their act together" and to...
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