Diesel prices in the United States have surged to unprecedented levels, with national averages surpassing $6 per gallon and even higher peaks in California. This surge is forcing some truckers to pay up to $1,500 to fill a single tank, prompting many to turn down loads to preserve their margins. Galaxy analysts, including Alex Thorn and Beimnet Abebe, are assessing the ripple effects of this crisis on supply chains and U.S. inflation. Discussions around a potential diesel export ban are gaining traction, although prediction markets assign only a 2.8% probability by end of September and 11.5% by end of October to such a policy move.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
