U.S. diesel price tops $6 per gallon, a record high as Ukraine and Iran wars ripple through economy

625 points by app1310 17 hours ago on reddit | 81 comments

lack_of_communicatio | 14 hours ago

I like how 'Ukraine war' was listed as the first reason, implying that it's the primary reason, while the Iranian one is secondary. Like, ''if it only Ukraine woud stop its war, the prices would be back to normal, maybe we should stop the support and that war would be over - gotta give peace a try! They're less dangerous than Iran, so, I guess, we should pressure them to do whatever to stop, since we can't do much with Iran.'

-JackBack- | 12 hours ago

Ukraine War is a FoxNEWS talking point to blame Biden

lack_of_communicatio | 12 hours ago

It's a shame that more other news outlets follow this theme ^and ^by ^doing ^so, ^turning ^into ^propaganda ^channeles to bind every bad thing with democrats, often providing no explanations, with a purpose of making a simple, dumbed-down connection: 'Democrats are bad, so, in any case, Republicans are the lesser evil in comparison.'

railbeast | 10 hours ago

Media is owned by GOPedophiles

CremedelaSmegma | 4 hours ago

Prices are set at the margin.  And while seaborne diesel is a relatively small portion of the overall market, it is the marginal buyer.

When Ukraine started stacking Russian refining capacity Russia stopped exporting.  So 20-30% of that seaborne supply shut off.

The US has filled most of that deficit, but it can’t fill it all and it is running at over 90% capacity to do so which isn’t sustainable.

So yes, it has a lot to do with Ukraine and Russia.  But you wouldn’t know it unless you follow the oil geeks.

Low-Car-6331 | 12 hours ago

because we have always been sanctioning Iran, we haven't always been sanction Russia. In fact, one nation got the bright idea of building pipelines between their own nation and Russia, despite being asked not to by an ally... that nation of course laughed at their ally. Interestingly that nation also has a very weak military and needs other nations to defend them.

lack_of_communicatio | 12 hours ago

Because someone voted for one of the most irresponsible and inconsiderate con man in modern history, whose whole business plan is to run away from consequences and shift responsibilities until he dies of old age. And the shitiest people see that as a virtue.

Low-Car-6331 | 12 hours ago

Biden?

snowice0 | 8 hours ago

What are you trying to say?

WhereDidAllTheSnowGo | 15 hours ago

And…

We’re waiting for Canada to join the fun in a month the mitigate all the R election interference

I’m thinking 50% export tax on all petroleum, petro products, and power

malacosa | 12 hours ago

Unfortunately Alberta is staying out of the fight so I doubt we’ll see attacks on the oil sector.

CatAfraid2244 | 16 hours ago

We need it to go much higher and stay at that level for much longer. People should pay the price of the political choices they make.

They voted exactly for that (even if they didn't know). Just to see others suffer, they voted for an unpredictable scammer with proven record of sexual violance, fraud and corruption.

Entropy_dealer | 16 hours ago

I understand the idea but I'm more and more sad to see that people are not really able to accept the bad consequences of their choices, almost like alcoholics they will try to find lame excuses for their very stupid voting choices. People will be in strong denial to protect their ego from their stupid choices.

dust4ngel | 9 hours ago

> I'm more and more sad to see that people are not really able to accept the bad consequences of their choices, almost like alcoholics they will try to find lame excuses for their very stupid voting choices

keep in mind, these are people who have been trained to go to church to receive answers to difficult questions, rather than building the habit of doing their own thinking. they are called a flock for a reason.

Conscious_Reveal_999 | 5 hours ago

Basically deontology - rules-based ethics. It can apply to religions or laws of society. Lots of people hide behind their "commandments". In a functioning legal system, as societal values change, these values eventually get codified into law - what's legal might not always be what's right.

With religions, I believe it's probably much more static. I mean, the Catholic Church is still being outed to this day for priest-induced pedophilia.

Should we be surprised that these MAGA cultists turn a blind eye to Trump and the Epstein files?

Swoly_Deadlift | 11 hours ago

Lots of people have issues that they consider a hill to die on and will gladly put up with $6 diesel if it means they get a win on whatever issue they care more about. Abortion, guns, immigration, etc. The left lost in 2024 over issues like that and now rather than adjusting any of their policies, they’re running on being the party of “not Trump” for the 10th year in a row. That’s gonna work out great in 2028/2030 when they change zero of their unpopular positions and can’t run on simply being “not Trump.”

dust4ngel | 9 hours ago

> Abortion

  1. every life is sacred, submit to totalitarianism to save even one baby
  2. yay, brown children died in an ICE concentration camp

Swoly_Deadlift | 9 hours ago

Didn’t say it was rational, but I can say with certainty that states like Massachusetts and Minnesota changing their abortion laws from fetal viability to unlimited term limits will not help convince fence-sitters to go out and vote D. Neither will responding to Trump’s stance on immigration by resisting literally anything that might reduce the number of migrants, illegal immigrants, and H1-B workers.

One side being blatantly wrong doesn’t mean the other side can do whatever they want and say that they’re right.

dust4ngel | 8 hours ago

democrats: "let a woman and her doctor make decisions about her care, even if that might include a late-term abortion"

GOP: "what about aborting babies in their 24th term in a concentration camp? HELL YEAH"

single-issue abortion voters: "the dems are too extremist, sorry"

Swoly_Deadlift | 8 hours ago

Where else on the entire planet are on-request abortions legal with no term limits?

The rest of the world figured out how to allow medically necessary late-term abortions without also legalizing terminating a pregnancy at 39 weeks with no reason required beyond “I wanted to.”

dust4ngel | 7 hours ago

it's funny to focus on that when the alternative is "post-birth abortions in a concentration camp." it doesn't scream "culture of life" to me.

Swoly_Deadlift | 7 hours ago

When presented with a choice between “full-term abortions” and “concentration camps” many rational voters will choose neither. That is not how you win elections. Parties need to strive to be better than “we aren’t as bad as the other guys” and willing to actually address criticism that comes from outside of their voter base… since those are the voters that literally decide elections.

dust4ngel | 7 hours ago

> When presented with a choice between “full-term abortions” and “concentration camps” many rational voters will choose neither

only if they are deeply confused - if they think women are getting abortions recreationally, then they might get all angry about it, but you would have to have never met a woman before, or even read about one.

Entropy_dealer | 11 hours ago

I disagree it's much more profound than that, a lot of people were surprised that they lost family member because of their vote. They are unable to compute that their choices have an impact on somebody else than their ego and are surprised to learn that their vote have consequences. These people's ego are so big that they wont accept that they did a very shitty choice that leaded to lose most of the historical allies of USA like Canada for example.

They are just the reflection of their cult's leader ego, they are never wrong, it's always somebody else's fault. You can tell anything to them they won't change their mind. They are already lost to the dems anyway.

xboxhaxorz | 25 minutes ago

Exactly people on the left and right fueled the hate, the left alienated guys with toxic masculinity this, patriarchy that and so those guys felt betrayed and voted for the side that didnt hate them

Neither side takes responsibility, its just more hate and blame, neither side listens, just shame, hate and blame

Cheering for kirks death fuels the hate

GipsyDanger45 | 16 hours ago

Just waiting for my 5k doge cheque, 5k for republican wins in the midterms and 9k to be a stay at home parent and fuel prices will be a wash at that point!

So much winning ….. s/

CliftonForce | 9 hours ago

The MAGA talking point is that "The Libs" prevented those DOGE checks from being sent out. Trump tried so hard to send that money, you see, but there were just too many evil Democrats in Congress.

dust4ngel | 9 hours ago

i wonder how injecting $3T of borrowed money into the economy will influence inflation.

Available_Finger_513 | 15 hours ago

Bold of you to assume his supporters are capable of self-reflection.

They will just blame someone else, as Trump told them to do so.

wiscotangofoxtreat | 13 hours ago

His base support is STILL with him. Insane

Fun fact, if gasoline had all negative externalities accounted for and all subsidies removed, it would be about $25 a gallon

ahundreddollarbills | 9 hours ago

Maybe this will finally spur changes in behaviour to be more energy efficient and energy regulations.

Never mind, this is modern America we are talking about here.

About 12 million Americans rely on heating oil as their primary source for heating, now would be a great time for some rebates or subsidies on heat pumps and solar panels.

In 26 years , from 2000 to 2026 the F150 became ~21% more fuel efficient, in the same time period the Camry became 46% more fuel efficient.

The thing Americans are most addicted to is cheap gasoline, the runner up is high fructose corn syrup.

GnorleyGight | 16 hours ago

I would agree with you if the price of diesel wasn't high all over the planet.

Edit: this post was obviously misunderstood, or poorly written

I'm saying that while it's nice that the Americans that voted for Trump have to suffer through this, it's shitty that everyone else in the world does too.

Ok-Cantaloupe-9946 | 16 hours ago

Maybe on top of US electorate learning a lesson maybe the rest of the world has a lesson to learn about letting US define their foreign policy. Europe already starting to turn away. South Korea taking control of their own army too.

No_Childhood8371 | 16 hours ago

The world needs to stop buying US weapons, full stop. Phuck the us war machine

vicegrip | 14 hours ago

Remind me who started the war against Iran. A completely unnecessary war. Who tanked the deal with Iran Obama made?

Yeah, the moron.

dust4ngel | 9 hours ago

> I would agree with you if the price of diesel wasn't high all over the planet.

my man, when your quads recover from this dunking exercise, try to imagine that countries besides the US also buy oil from iran.

GnorleyGight | 9 hours ago

Yes I get that. I'm saying that while it's nice that the Americans that voted for Trump have to suffer through this, it's shitty that everyone else in the world does too.

Much-Engineer53 | 12 hours ago

Oil is a globally traded and priced commodity, and the strait has been closed since February. Of course the effect on prices is global, ya halfwit. Trump literally fucked over the entire world to distract from Epstein and fluff his ego.

GnorleyGight | 12 hours ago

Yes I get that. I'm saying that while it's nice that the Americans that voted for Trump have to suffer through this, it's shitty that everyone else in the world does too.

Much-Engineer53 | 9 hours ago

Appreciate the edit and clarification.

HeavyMusic93 | 15 hours ago

What a fucking mouthbreather take

lack_of_communicatio | 14 hours ago

How else would you suggest teaching people that politics isn't an inconsequential sport event?

-wnr- | 13 hours ago

It also seems to be the only issue they are giving a shit about. MAGA voters stayed relatively quiet about the open scams, the threatening of allies, and the gutting of vital government institutions.

Having to pay more to fill up their gas guzzlers is the only thing they've pushed back on.

Electrical-Box-4845 | 12 hours ago

Democracy is the real problem, not Mango. Remember gas reaching 5 during Biden term because he decided bullying Russia?

How can you secure non Mango voters/supporters from consequences? You cant protect all of them from all direct and indirect consequences

schtickshift | 13 hours ago

This is what resource wars look like. Food might be next as the war next door in Ukraine affects the supply of grain in the world. One way of looking at this is that the planet cannot provide what the population needs anymore.

malacosa | 12 hours ago

It won’t be grain supply, it’ll be a world shortage of fertilizer that will be the main cause of food shortages and higher prices.

Icy-Hat-9643 | 8 hours ago

Oh fuck off cnbc, here where i live in Canada I was paying 1.25 Cad per liter in January (3.40 usd per gallon). This has nothing to do with Ukraine, this is 100 percent Trumps fault, no one else.

alternatingflan | 13 hours ago

The very least expensive grade of gasoline I saw yesterday listed for a whopping $4.59 per gallon at the local BP - probably because of the iran-backed “hooties” taking a military advantage on the Red Sea and the saudi pipeline.

Thanks again krasnov.

snoogins355 | 10 hours ago

Yup, it jumped from $3.95 to $4.15 last week and to $4.29 today. Madness.

I'm not looking forward to food prices and shrinkflation again.

martin | 11 hours ago

Is it Day One yet, when ALL prices are going down and going down fast? Or will we hear again that it will come down one day if we just wait, or that each time it drops a few pennies after being jacked up past $4 is somehow a bigly win? and also it's someone else's fault 2 years in?

Sorry, I just can't keep up with which daily line of bullshit I'm supposed to believe as a real patriot, sir.

Ok-Lawyer1179 | 12 hours ago

Is everyone winning enough yet? Bond yields going the wrong way. Inflation going the wrong way. Buying back bonds aka ...printing money. Bribing voters with trillions of dollars they don't have so they can continue driving everyone into the mud. This is winning.

dogs_gt_cats | 11 hours ago

If you live in the US, I would strongly, STRONGLY encourage you stock up on staples like rice, beans, flour (or wheatberries if you have a grinder). With winter coming in, prices between diesel and home heating oil are going to rise even more. Our heating oil prices had more than doubled last year thanks to the orange buffoon, and now diesel is even more expensive. Do your best to stock up ahead of time while you can.

Ok-Primary2176 | 8 hours ago

Peak reddit doomerism

dogs_gt_cats | 8 hours ago

Literally basic economics and an understanding of how supply chains work. Every farmer uses diesel for their equipment. All the trucks delivering grain to the grain elevators use diesel. Every truck in grocery logistics networks uses diesel. Home heating oil is diesel and we are heading into winter months. The strategic oil reserve is nearly empty, so influxes of oil to keep prices low won't be happening.

Warning people to stock up isn't doomerism. It's literally pointing out that one of the major input costs for groceries is going to be sky high going into its highest demand season, and therefore, products that use it as an input will also be sky high.

Do you think those farmers and supply networks will just shrug off the increased transport costs? Fuck no, they will pass it on to the next guy in the chain. And the consumer is the last link.in that chain who absorbs the cumulative cost increases.

eptesicusfuscus | 14 hours ago

I don't see anyone talking about alternative views in the comments yet, so let me ask:

If the global energy market is constrained and prices of refined oil products are high, rather than just focusing on US politics, how might this fit US geopolitical and economic strategy? Are we all convinced it is a net negative or perhaps even an outright failure with worse outcomes than pretty much any available alternative?

malacosa | 12 hours ago

It’s a great way to distract from other issues like inflation, Epstein etc

I_Am_Dwight_Snoot | 9 hours ago

The alternative was not to start the conflict which was objectively better.  Or to at least wait for the military to be prepared.

The only real economic benefactors seem to be defense contractors and oil companies.

Geopolitics is a toss up. If the US maintains a long term (3 - 5 years) presence protecting that shipping lane, it looks really really good. If the US can maintain long term semi safe shipping through the region it looks ok (<-this is where we are at now). If the US secures a deal with Iran that benefits the US, it looks really good. Anything less looks bad.

The reason why I say what we are doing now is just ok is because our inability to effectively counter mass-produced drones is a bit troubling. China is even better at this than Iran and is certainly taking notes right now.

Effectively those are our two options that have a positive outcome right now. We dug our own hole.

Edit: lol wants a real answer, complains about a real answer, dirty deletes comments. A tale as old as the internet.

eptesicusfuscus | 9 hours ago

What's with the parrots. Do you expect me to believe you don't know what "alternative views" means? This isn't an alternative viewpoint. Goodbye.

wiscotangofoxtreat | 13 hours ago

How much is this costing just from military costs alone to america? How much is this costing america? In terms of increased energy prices?

Add those two together, and it's gotta be orders of magnitude. More than letting iran charge a dollar per barrel.

eptesicusfuscus | 10 hours ago

That's a poor response to what I asked. I see people downvoted my question. I guess nobody gives a fuck to seriously consider alternatives lmao

wiscotangofoxtreat | 9 hours ago

Thats a poor response to my serious question.

eptesicusfuscus | 9 hours ago

You're not a serious person.

wiscotangofoxtreat | 8 hours ago

Thats what I thought bob

eptesicusfuscus | 8 hours ago

This is a waste of time. Bye.