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US retail diesel rose to a record, threatening to further spike energy-driven inflation as wars in Iran and Russia roil the market. The widely used fuel climbed to a nationwide average of $5.85 a gallon at the pump on Thursday, according to the American Automobile Association. Ed Hirs, Energy Fellow at the University of Houston, discusses the record diesel prices and energy outlook ahead of the midterms. (Source: Bloomberg)...

Price of gasoline also sets new record for Labor Day weekend ahead of crucial midterm elections in November....

The average price of diesel hit an all-time high Friday in the U.S., as the conflict with Iran puts more strain on the global energy supply. The average cost of a gallon of diesel in the U.S. was up to around $5.85 on Friday morning, according to AAA. This is a 58 percent cost increase......

Italy will extend a tax cut on diesel fuel prices until Sept. 10, as Prime Minister Giorgia Meloni's government continues to shield consumers ahead of a general election expected next year, according to an Italian official....

Higher prices come as Ukraine pounds Russian refineries, forcing Moscow to ban diesel exports....

US equity futures and Treasuries hold steady ahead of the August payrolls report. US retail diesel prices rise to a record high as the wars roil the market. DeepSeek plans to deploy at least 160,000 of Huawei's top accelerators at a massive new data center in Inner Mongolia. Mark Haefele of UBS Global Management and Veronica Clark of Citi join "Bloomberg Brief" to look ahead to the jobs report. (Source: Bloomberg)...

Volkswagen's supervisory board backed a sweeping restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving Chief Executive Officer Oliver Blume his clearest mandate yet to overhaul Europe's biggest carmaker. US retail diesel rose to a record, threatening to further spike energy-driven inflation as wars in Iran and Russia roil the market. The widely used fuel climbed to a nationwide average of $5.85 a gallon at the pump on Thursday, according to the American Automobile Association. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Tom Mackenzie. (Source: Bloomberg)...

Speaking at an event organised by the Society of Indian Automobile Manufacturers (Siam), Gadkari said the technology, developed from an innovation at IIT-Delhi, had successfully completed testing. The devices can be fitted on BS-IV, BS-III and older diesel vehicles, bringing their emissions to levels comparable with BS-VI vehicles....

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Because of the war in Iran, the cost has climbed past the record it reached in 2022 after Russia's full-scale invasion of Ukraine....

US retail diesel rose to a record, threatening to further spike energy-driven inflation as wars in Iran and Russia roil the market....

Regierung zieht im Streit um Briefwahl erneut vor Supreme Court +++ Trump kassiert Teilniederlage bei neuem Geburtsrechtsplan +++ Der Newsblog....

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The Deputy PM noted that the situation had already improved at present as a number of plants had resumed operations...

This week's renewed strikes by the United States and Iran strain the flow of energy and diminish expectations the disruption will end soon....

Diesel wird immer teurer: Autofahrer, Landwirte und Logistiker ächzen unter steigenden Treibstoffpreisen. Der Grund liegt dabei nicht im Nahen Osten, sondern in einer ganz anderen Weltregion....

US retail diesel prices hit a four-year high, topping a peak seen during the early stages of the Iran war to approach a record. The national average pump price climbed to $5.783 a gallon on Wednesday, according to the American Automobile Association. Bloomberg's Anthony di Paola reports. (Source: Bloomberg)...

US retail diesel prices hit the highest since mid-2022, topping a peak seen during the early stages of the Iran war to approach a record....

A cargo of South Korean diesel is headed to Western Europe this month in a rare trade, underscoring efforts to shore up supplies ahead of the Northern Hemisphere winter....

US Diesel At Pump Nears April War High As Global Refining Crisis Deepens A diesel-price shock may be approaching Western economies. That's because the industrial fuel sits at the epicenter of freight, agriculture, construction, and heavy industry; soaring prices ripple quickly through supply chains, raising transportation and construction costs, reigniting food inflation, weakening consumer sentiment, and intensifying margin pressure on small and medium-sized businesses. The latest AAA data show that the nationwide average retail price reached $5.69 per gallon. That leaves diesel just below its April peak, which marked the highest price since mid-2022. The renewed surge comes as the US-Iran conflict has deepened so far this week with tit-for-tat attacks, further disrupting any full near-term normalization of the Strait of Hormuz. The US is currently operating the Oman shipping corridor. Beyond the Gulf disruptions, Ukrainian attacks on Russian refineries are constraining exports from one of...