Diesel prices in the United States have surged to nearly $6.50 per gallon, approaching record highs, driven by supply disruptions from ongoing Middle East conflicts and domestic refining bottlenecks. This increase is creating significant economic strain for the transportation and agriculture sectors. The prospect of a diesel export ban is currently estimated at just 9.5% by the market, down from 20% the previous day. Upcoming statements from senior U.S. administration officials, particularly Energy Secretary Chris Wright and Treasury Secretary Scott Bessent, will be pivotal in shaping the trajectory of this situation.
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