- The US is the world's biggest oil producer but cannot turn out more diesel, leaving it over a barrel as freight fuel costs outrun gasoline.
- Diesel prices have risen about twice as fast as gasoline since the start of the Iran conflict in February.
- Citizens have spent an additional $112 billion at gas stations since the war started, according to a running tally.
- The diesel squeeze is set to inflict far more pain on the US economy, with truckers and freight bearing the brunt.
Quotes
“The US is over a barrel.”
“Already the biggest oil producer in the world, it can't turn out more diesel.”
“The circumstances are sure to inflict far more pain on the nation's economy.”