Snip:
Average diesel prices have hit a record high in the United States, amid the US acts of aggression against Iran and the closure of the Strait of Hormuz, through which around a fifth of the world’s traded oil flows.
On Friday, average diesel prices soared to $5.85 a gallon for the first time since the start of the US-Israeli aggression against Iran on February 28.
Higher diesel prices, which are widely used in trucking, agriculture and industrial activity, mean higher transportation and production costs that subsequently raise food prices, bringing ripple effects for the economy and wider costs of living.
Some businesses have already passed on costs to consumers through added fees on online orders and mailed packages.
You’d think my neighbor would stop idling his diesel trucks right next to my window, but no that’s not happening. Neither of his trucks have emissions controls so they smell horrible, it even gets inside my house with the windows closed.
Asshole will idle that loud stinky shit for an hour for some fucking reason
Diesel is almost $8 west coast in.
Okay so seeing diesel may go to $7 per gallon by the end of this year…
Come on $11, with yo funky ass! HIT ME!YOOOOOOO LEVEN
From what I understand, the oil market didn’t melt down as expected because China quit buying excess for their reserves and opened up their reserves.
The strait of Hormuz being closed is still unsustainable long term on a global level. This war may be the stupidest one the US has started in all its history.
There were no benefits whatsoever but placating Netanyahu and massive, incredible downsides across the globe for everyone. There’s a reason every US president said no to Israel’s proposed Iran war. Even Trump did his first term before his brain turned into a rat’s nest and all the adults left his administration.
China decreased their imports by a lot, like ~5m barrels. But they didn’t replace all of that with their reserves, they also cut back on refinery runs, so they produced less gasoline, diesel, jet fuel and other stuff (lubricants etc.).
This kept the price of crude oil much lower than expected, but now that there is a shortage of finished products, China will probably restart imports and restart the refineries. We are already seeing them bidding for more crude oil.
This war may be the stupidest one the US has started in all its history
And may it cause the eventual collapse of the American empire
gas has slowly been ticking upwards here, its approx 3.75-ish.
diesel however is sky fucking high. 5.75-ish. Went today and filled the shop truck at work I use when I pull a tractor with diesel, the tractor, and two more 5 gallon jerry cans w diesel.
Shop truck holds 24 gallons of diesel. Tractor holds twelve. Ten in jerry cans. 264.50 for 46 gallons of diesel fuel.
lol.
Where I am, gasoline also increasing recently, after a month or so of stability.
