US diesel hits record $6 a gallon on Iran supply shock

40 points - today at 8:03 AM

Source

Comments

OgsyedIE today at 9:04 AM
Also driving the price up are the Ansarallah advances in Yemen and today's Ansarallah bombings of the Saudi East-West pipeline. The market expects that they'll use military force to attempt to close the Bab al-Mandab strait, with their past attempts at closing the strait, stated goals of closing the strait and newly reported use of Claude to develop medium-range ballistic missile guidance software as evidence.
comrade1234 today at 9:38 AM
Yesterday I saw a full-sized 100% electric Volvo semi-truck here in Zurich. It was owned by Aldi and making a delivery to one of their stores. It was a bit louder than I expected but nevertheless impressive.

https://www.aldi-suisse.ch/de/ueber-aldi-suisse/unternehmen/...

jaapz today at 9:42 AM
6 dollars per gallon is 1.37 EUR per liter... Here I am in the netherlands paying 2.74 EUR for a liter of diesel...
zhivota today at 9:51 AM
I'd say this should push Americans towards smaller, more fuel efficient cars and EVs, but I know better. The American consumer seems immune to price pressure.
amelius today at 9:35 AM
But no worries, we'll soon get $5,000 from the US government and this will allow us to buy plenty of gas.
beloch today at 9:46 AM
"War is merely the continuation of policy by other means."

"Since war is not an act of senseless passion but is controlled by its political object, the value of this object must determine the sacrifices to be made for it in magnitude and also in duration. Once the expenditure of effort exceeds the value of the political object, the object must be renounced and peace must follow."

----------

Clausewitz would have been flabbergasted by this war. If we're being overly generous to Trump, we might call it an act of senseless passion. The reality is probably worse. The U.S. still hasn't seemed to figure out what it's policy goals or winning conditions are, aside from the president's desire to be an all-powerful winner. Trump seemingly places no value on his nation's blood or treasure, so it might be a very long time before he begins to feel the effort his nation is expending isn't worth the value of his own vanity.

The U.S. needs to have its magna carta moment and reign in its mad king. Maybe that will come with the mid-terms, or maybe this war will drag on for two more years. Trump isn't going to stop it, now or after the mid-terms. As far as he's concerned, the pain isn't his.

larodi today at 9:23 AM
Almost nearing the price in Europe. So still early to complain.
bigcheeto today at 9:45 AM
I bet they post record profits
swarnie today at 9:09 AM
Let's get this to $7 next.

The people need to learn.

deleted today at 9:38 AM
juliusceasar today at 9:03 AM
The whole world is suffering because of this 2nd Epstein War. Current administration being blackmailed by Israel.
expedition32 today at 9:11 AM
It's quite funny how Trump is killing European industry. Literally everything America has been doing the last few years has benefited China.

The Chinese economy has real weaknesses make no mistake about it and a competent US leader could have worked with his global allies to exploit them.

DarmokTanagra today at 9:28 AM
[dead]
spiclk today at 9:25 AM
The "just stop oil" folks must be delighted with the direction of things in the middle east.