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06.10.26 - 08:06
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′It really hammers people′: Scottish islanders hit by highest diesel prices in UK (The Guardian)
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Inhabitants of the Hebrides and Shetland tell of how fuel costs are putting the squeeze on commuting, services, food and moreAs fuel prices reach the highest level in the UK since Russia's invasion of Ukraine, Scottish islanders are feeling the pain more than most. On the mainland, the price of diesel has soared to a record high of 200.01p a litre, bringing the cost of filling an average family car to more than £110, according to the RAC. Petrol has risen by a third since the start of the Iran war at the end of February, averaging 174.71p – increasing to 195.64p in motorway service areas.In the Hebrides and Shetland, prices at the forecourt have jumped even higher, with some fuel stations selling diesel for more than 220p a litre during the initial rise. Continue reading......
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05.10.26 - 21:24
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Trump Plans To Ease Off-Road Diesel Restrictions Ahead Of Midterms (ZeroHedge)
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Trump Plans To Ease Off-Road Diesel Restrictions Ahead Of Midterms
Bloomberg reported late Monday afternoon that the Trump administration is preparing to loosen restrictions on tax-exempt dyed diesel, seeking to ease costs for the industrial fuel that powers the economy amid a global refining crisis.
The report cites people familiar with the matter, and the new policy could be announced as soon as today.
The plan would allow broader use of dyed diesel, better known as off-road diesel, which is mostly used in farm machinery, construction equipment and other off-road applications. This move would allow for savings of 24 cents per gallon because the fuel is exempt from federal excise tax.
"While the move wouldn't directly lower operational costs for harvesters, tractors, excavators and other off-road equipment that already runs on tax-exempt red diesel, it is seen as potentially cutting the expense to run pickup trucks and other on-road vehicles," the outlet said.
As of Monday, US retail diesel ...
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05.10.26 - 20:48
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Trump Plans to Ease Limits on Tax-Exempt Diesel Variety (Bloomberg)
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Tom Kloza, chief energy advisor for Gulf Oil, said that it is unlikely President Trump's proposed easing of limits on tax-exempt 'red-dyed diesel' will do much to bring down the price of diesel and that the only thing that will meaningfully impact high prices is an end to ongoing conflicts in Russia and the MidEast.
(Source: Bloomberg)...
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05.10.26 - 10:30
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Trump′s Diesel Threat Worked: G7 Dumps 100 Million Barrels As Europe′s Energy Dependence Laid Bare (ZeroHedge)
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Trump's Diesel Threat Worked: G7 Dumps 100 Million Barrels As Europe's Energy Dependence Laid Bare
Submitted by Thomas Kolbe
In the end, Donald Trump's threat to prohibit diesel exports apparently proved credible after all.
Faced with rapidly rising prices at the pump and an emerging acute shortage of middle distillates, from diesel and heating oil to aviation kerosene, the G7 heads of government decided on Friday, under pressure from the US president, to release their own oil reserves.
For the EU, the perfect storm is brewing: a rising dollar price, the visible control of the Strait of Hormuz by the US military, as well as rising interest rates in the bond markets amid the threat of a sovereign debt crisis, have made the pressure particularly tangible for the EU states: further rising energy prices will hit the fragile eurozone industrial economy considerably harder than the essentially energy-autonomous United States.
The problems of the EU Europeans are homegrown and not the result of Am...
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05.10.26 - 10:30
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Coach services could be cut due to record diesel prices, operators warn (The Guardian)
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Rising fuel costs are pushing hundreds of firms out of business, threatening school transport, firms sayBusiness live – latest updatesCoach operators have said record diesel prices could force cuts to services including school transport, as hauliers warn rising fuel costs are pushing hundreds of firms out of business.The average price of diesel on UK forecourts hit a fresh record of more than £2 a litre last week, as the war in the Middle East continues to disrupt global fuel supplies. Continue reading......
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05.10.26 - 08:24
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Soaring diesel prices take their toll on US farmers in midwest corn belt (The Guardian)
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Fuel costs are biting for crop growers, trucking firms and a host of other industries as Iran war stokes record pricesJoe Hamilton farms corn and soybeans on 2,500 acres in Indiana's Delaware county. Next week, when his soybean harvest kicks off, four tractors, two combine harvesters and five semi-trucks will roar to life.And with that, a record bill for about 9,000 gallons of diesel awaits him. Continue reading......
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05.10.26 - 08:12
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Öl- und Dieselkrise: G7 greifen ein, wie geht es jetzt weiter? (Der Aktionaer)
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Am Ölmarkt wuchs zuletzt erneut die Sorge vor Lieferengpässen. Doch auf der anderen Seite steuern nun die G7 mit der Freigabe von Reserven dagegen. Denn besonders knapp war zuletzt Diesel. Der Iran-Krieg und Störungen wichtiger Lieferwege hatten das Angebot an Treibstoffen aus Raffinerien verknappt... --- Zuvor hatte Washington die Europäer gedrängt, ihre Vorräte anzuzapfen. US-Präsident Donald Trump stellte zudem ein mögliches Verbot von Diesel-Exporten aus den USA in den Raum. Die G7 sagten daraufhin zu, keine Exportbeschränkungen einzuführen. Nach der Ankündigung gaben die Ölpreise nach..
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