Record diesel prices raise fears of US fuel shortages

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Diesel prices in the United States have reached record highs, with the national average exceeding $6 per gallon and peaks at $7.76 per gallon in California. This situation has raised concerns about potential fuel shortages in an already tight market. Market operators now price a 0.5% probability of crude oil reaching a new all-time high by September 30, compared to 12.5% by year-end. Statements from key energy officials, including those from OPEC and the IEA, as well as potential geopolitical tensions, will be decisive for price evolution.

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