Diesel prices hit record $6.51, lawmakers push export ban

Trump is considering a 90-day ban on U.S. diesel exports as fuel prices surge. There’s one big problem: Trump’s own energy secretary is warning the plan could actually send gasoline prices even higher. Here’s why:

WSJ: President Zelenskyy confirmed that Trump asked him to stop striking Russian oil refineries, citing rising diesel prices. Zelenskyy’s response was straightforward: “Diesel may matter to some, but our lives matter more.” #ProudBlue #Pinks #SheShed

So it feels like everyone - especially republicans talking up a diesel export ban - are really focused on the midterms, but I find myself wondering what Year 3 and Year 4 of this is going to look like, if energy prices remain elevated and bond yields continue to keep upwards.

Tbh, with this proposed diesel export ban, I’ve kind of lost track of how many stoves we’re touching at the moment

The American Petroleum Institute warns that banning U.S. diesel exports could backfire. The U.S. supplies roughly 20% of globally traded seaborne diesel. Pulling that supply from the market could deepen the global refining shortage and put even more upward pressure on fuel prices.

Paul Krugman says it'll raise prices because most of the country gets its diesel from outside the US.

Georgia truck driver on skyrocketing diesel prices: Once the fuel prices come out, there's very little money left. It's getting to the point where it's not worth it.

MI/IL/IN/OH/WI: plenty of diesel price relief appears to be coming in the days ahead as market signals indicating that $XOM may have completed a restart of its Joliet, IL refinery. Price drops should start very soon if they have not already, and they will be noticable.

Record-high diesel prices were a tipping point for the country rapper.

The money to repay that debt must come from somewhere, and if it must come in the form of tax revenue, it means less money available for other things the government does (healthcare/SNAP/etc.) I cannot say this with more emphasis: the situation with oil/diesel prices must be addressed immediately

Diesel is now at a record $6.50 a gallon. Republicans are panicking and looking for any solution but the most obvious one: ending Trump's disastrous war in Iran.

Diesel is 6.52 a gallon, up 76 percent because Trump's war in Iran wrecked energy markets, and his own Energy Secretary is publicly saying the fix they're about to do will make it worse. They're doing it anyway. This is what happens when nobody in the building is allowed to say no.

wapo.st/4yRCMQv Gift Article from WaPo How a ban of diesel exports could lead to higher prices — even in the U.S. A diesel export ban could backfire, experts say.

A diesel export ban. Ah yes, surely this will help America.

"Let's fuck up the global diesel market - especially in Europe and Latin America and have that rebound back on us in the form of elevated prices on goods we import - in order to get a week or two of lower diesel prices before they shoot back up again!"