Diesel prices hit record $6.51, lawmakers push export ban
Trump is considering a 90-day ban on U.S. diesel exports as fuel prices surge. There’s one big problem: Trump’s own energy secretary is warning the plan could actually send gasoline prices even higher. Here’s why:
@SuzanaD332I'm of the opinion that whatever they decide will fuck over the American taxpayers.
gerrylev.bsky.social14The dumbest possible option will be the one Trump chooses
Havenlore10Trump has a terrible idea that will screw us even more? Shocking.
Middlerage9maybe end the war in Iran. start there morons!
Don Comer8Joe Biden's average price of diesel: $3.63 per gallon. Trump's average price of diesel: $6.50 per gallon. Just say'n.
L-Bo8I mean, isn't that what he actually wants? Prices to go up? So his oil cronies make even more money? It lines up to me...
Dom Ervolina6Yes, let's produce less gasoline and diesel, that'll fix it! This is what happens when Peter fucking Navarro is advising you
MJ5Weird, Republicans bleat that they hate socialism but they love giving it to the 1% and themselves... They rage against 'communists' on the left but then do the same things a communist government would do...
Andrew Dickson4Starting understands how it’s possible to bankrupt a casino.
A Simard 🇨🇦2The bankruptcy 🤡 doing all he can 🤦🏻
WSJ: President Zelenskyy confirmed that Trump asked him to stop striking Russian oil refineries, citing rising diesel prices. Zelenskyy’s response was straightforward: “Diesel may matter to some, but our lives matter more.” #ProudBlue #Pinks #SheShed
manateedreams.bsky.social16The fact that a legend like Zelensky has to deal with a degenerate like Trump is America’s everlasting shame.
I am Steve, the Destroyer of Worlds12I'm sure Zelensky was diplomatic, but I imagine he's thinking, " who has cards to play, bitch?" #trumpisputinsbitch
Josephine Imperato8Yes, Ukraine lives matter more! Keep bombing those refineries!
Rusni_pizda8Diesel prices are a spreadsheet problem. Burning refineries is a survival problem. Kyiv gets the hierarchy right, and thats why the West keeps getting caught off guard by its spine.
RainsEnd🇨🇦7Trump should tell Putin to turn around and go all the way home. He has lost the war. But he won't. They're pals.
Cerulean Butterfly6Man, Zelenskyy has the patience of a saint.
manateedreams.bsky.social17The fact that a legend like Zelensky has to deal with a degenerate like Trump is America’s everlasting shame.
Doug Hammond9I reckon Zelensky had a lot more cards than Trump thought. He thought Putin was some great military expert who would win easily, and Ukraine showed the world Russia has gotten by for years on fear and intimidation but when people fight back, turns out to be paper tigers. Sounds familiar.
Katie Straka5Slava Ukraini 🇺🇦 I stand with President Zelensky!!
The American Petroleum Institute warns that banning U.S. diesel exports could backfire. The U.S. supplies roughly 20% of globally traded seaborne diesel. Pulling that supply from the market could deepen the global refining shortage and put even more upward pressure on fuel prices.
A Dozen "86 47" Eggs (Parody Account)21So you're saying Trump will definitely do this then.
Emily13Trump's def gonna do it then. Trump thinks he knows more than all experts in all fields. He has boundless confidence, zero intellect. That's how he did EVERYTHING wrong the last two years. Trump's even overriding the fire and safety codes for the Epstein Ballroom because he says "I AM THE CODE."
Don Comer10Joe Biden's average price of diesel: $3.63 per gallon. Trump's average price of diesel: $6.50 per gallon. Just say'n.
Leo - Kaito6He wants to transform the USA into North Korea and possibly rename it The US of Trump
Jessica Jones 🦋5Fuel prices = higher grocery prices
drcanuck.bsky.social4and increase profits for those invested in fossil fuels...so its a given
Tango Lingo4Which means Trump will totally ignore the advice and do it anyway
MantaHunk 🌎🏳️🌈☮️🟧3Everyone knows this except The Turd. He doesn't know what a tariff is. He doesn't know what a trade deficit is. He doesn't know what supply and demand is. His marketing professor in college called him "The dumbest goddamn student I've ever had."
So it feels like everyone - especially republicans talking up a diesel export ban - are really focused on the midterms, but I find myself wondering what Year 3 and Year 4 of this is going to look like, if energy prices remain elevated and bond yields continue to keep upwards.
"Online Rent-a-Sage" Bret Devereaux266Now, to be clear, treasuries at 5.1% is not necessarily the panic sign - we were roughly here around 2000 and this could just be the Long Age of Low Interest Rates ending - but we also didn't have nearly this much national debt in 2000 and, uh, those debt service payments gonna get rough.
The Horse Knuckler33today is the most popular President Trump will be for the remainder of his term. Isn't that wild?
Janne M. Korhonen27>what Year 3 and Year 4 of this is going to look like Artist’s impression:
Nick Garcia 27They already know they are toast in '28. The plan is to hand a giant mess to Dems in '28, blame them for it immediately, depend on them not to fix any structural problems, take power in '32 and then finish the job of bleeding the republic white.
It Ain't Me.15The clean-up has started. bsky.app/profile/reut...
Bizarre Little Man4Maybe we should terminate this Administration now.
Tbh, with this proposed diesel export ban, I’ve kind of lost track of how many stoves we’re touching at the moment
Micah87we’re doing some sort of elaborate contortion experiment to see how many stoves a human can touch at one time
sekkuto17We're basically just sitting bare-assed on the stovetop at this point.
Kevin A15Stopped touching the stove and just putting our head in the oven
Chat-de-Dynamo4Twister but all red circles
JARED GOFF4It’s such a stupid fucking idea. No one in the admin understands introductory economics. Or they are far too cowardly to do so.
Mercurywoodrose (Antifa Science Officer, Division 23 Airborne)4I’m old enough to remember when Social Security was considered the third rail of American politics . if you were a politician, and you try to touch Social Security you died.  What was really meant. It was just the largest third rail. They really are millions of topics that used to be off-limits.
Paul Krugman says it'll raise prices because most of the country gets its diesel from outside the US.
Josh Marshall55yeah, i wrote a piece on this. i've been studying regional oil/gas markets a lot this year and that doesn't surprise me. because of the way pipelines work there kind of isn't really a "US" oil market. highly regionalized.
Mark Bjorge5So diesel will be like $2 in TX and LA and like $8 everywhere else. $6.50 on the ESVA already. Folks expect it to hit $7 soon.
From Heron w/no rEgrets4Fossil fuels are such a tangled web. We should be racing to adopt renewable energy as fast as we can.
InfinitelyLoopy2That isn’t quite right but is correct in spirit. US demand = 3.6-7 MM, refiner output ~5.3 MM. BUT distribution is why diesel is still imported (east and west coasts). So while prices would temporarily go down in some areas, this idea would be colossally stupid and would make gas prices go up
Peter Goss1And devastate anyone in New England who uses heating oil (half of Maine for example). Potentially lead to shortages even. Prices there already super high.
wholesale gasoline prices appear to be reacting to the potential diesel export controls- California wholesale gas prices hit 30-day highs, along with NY region and Gulf region. I'll keep watching, but as I mentioned earlier, touching diesel exports could do this *exactly*
Kevin32It Can Only Good Happen
Trump officials are trying to steer the president away from a diesel export ban, warning that the long-term effects will be worse. trib.al/S77Q2uO
hapm.bsky.social2Trump…simply…a MORON…and others have to die & suffer…because of his destructive choices!! 😳🤦🏻♀️
corruption47.bsky.social2Goodbye world economy. We apologize.
gertrude1907.bsky.social1Trump doesn't understand or care about long term effects. He's only concerned about lining the Trump family's pockets today.
jim-selover.bsky.social1You know Don, there's an easier way to lower diesel prices, and the price of almost everything, in fact. Just resign and turn yourself over to Iran to be tried for war crimes on the condition Iran stops attacking others and reopens the strait. Easy-peasy.
Record-high diesel prices were a tipping point for the country rapper.
ONE INFINITY2There is NO SUCH THING as a "COUNTRY RAPPER"... I think for a long time now, people have been co-opting this moniker because it tends to be popular. However, the words "country" + "rapper" aren't synonymous. -ONE.🇺🇸🤔 bsky.app/profile/one-...
E. Perkins 🎃1I want him to pay even more somehow.
