@polispandit: Watch the crack spread. So many people were focused on crude prices at the start of the Iran war when in reality the biggest crisis is refining. The cost to refine petroleum products, namely diesel, has skyrocketed to record highs. And there’s no indication the trend will reverse unless the U.S. makes major policy changes, as discussed here. #finance #news #lawyer #oil #diesel

Amy Rueter :

Maui’s grid is powered by diesel generators. We are screwed.

Staci 🩵 :

My dad spent $7k fueling up before harvest starts and that’s not going to get them through. This is insanity.

Ashley River Love :

8.99 Northern California

illtakeitfromhere :

I thought the last record was yesterday.

🏳️‍🌈SickOfThis-2026 :

I paid $6.39 in Atlanta a week ago

Keith Mastin :

Export controls won't lower diesel prices. Diesel prices are global, selling to the highest bidder.

boilerdad24 :

Saw $6.89 at several stations in Chicago and the south/southeast suburbs last week.

Hospice Lens :

$7.89 in SoCal😭

Zach Adams :

W6 NX9 :

I want a hydro cracker.

lustreking :

pianochist :

Wow, dial 911

Pdizz :

dcpolicygeek 🇺🇸 🆘 ❌ 👑 :

Yeah, my credit score decreased slightly due to inflation, thanks to the resulting balance to credit limit ratio change. And, it's going to get worse before it gets better.

liked your comment :

Are you making this video from a Wendy's in the 1990s? if so, can I get a baked potato bar and Nacho Bar?

🛑Hamdan🛑 :

$8.44 diesel in California vs 2.3¢ in Iran. Before you argue in the comments, do the math: that’s roughly 367×. Now imagine running a trucking business on that difference!!!

CeGe :

Russian petroleum industry does not count because it has been sanctioned since 2022.

terrafim_999 :

just the beginning

Dr. Jim :

This is what happens when those in charge manipulate the market AND engage in a war of convenience to distract away from the predator in chief.

Public Opinion :

Is this all bc of our Sociopathic Moronic executive (SMOTUS) and his administration, SCOTUS, and Congress of sycophants?!? YES. YES IT IS.

bluesky :

I think trump can get it to $10 a gallon

Dwayne :

That’s all the refineries’s fault!

Sam Samson :

Love your content Jon. I learned recently that Australia has the highest diesel consumption per capita in the world. And diesel prices in AU are now at $11.40/gallon (AUD), ~ USD8/gallon, ATH. Can we expect this to flow through into sharply elevated inflation figures for AU in particular?

davidl6946 :

In Trumps mind the USA selling is seen as a win ("we've never made so much money"). He's commented on it a dozen times. Hail Mary for the midterms but I don't see the export ban happening.