
US Energy Executives Predict Diesel Prices Will Stay Elevated for Over a Year
US oil and gas executives surveyed by the Federal Reserve Bank of Dallas predict that diesel prices will not return to 2025 levels for more than four quarters. This prolonged price surge, driven by the Iran war and Ukrainian attacks on Russian refineries, is causing significant economic strain. While the Trump administration considers a diesel export ban to lower domestic costs, analysts warn this could raise gasoline prices and destabilize global markets. The situation is intensifying political pressure ahead of the November midterm elections, with Texas declaring a state of disaster to mitigate costs for farmers and truckers.











