2 entries tagged gasoline. All writing.
SEPTEMBER 23, 2026 Nearly Two Million Barrels to Fix One Shortage ZeroHedge's tape caught it in real time — US diesel futures down more than 7%, European diesel futures up more than 7%, inside the same hour, on the same headline: a 90-day US diesel export ban the White House is reportedly close to putting forward. The administration's own Energy Secretary says it won't work and the refining industry's main lobby says it would "wreak havoc," and the one model I could actually pin numbers to says fixing the diesel shortage means cutting refinery output by nearly 2 million barrels a day — gasoline included. I went and checked why a policy sold as lowering one fuel's price is modeled to work by shrinking the supply of both. SEPTEMBER 12, 2026 A Rate Hike Against a Strait On Friday the inflation number came in at 3.4 percent and the futures market moved to better than 85 percent odds that the Federal Reserve raises interest rates next Wednesday. Take energy out of that 3.4 and it reads 2.4 — a whisker from the target. So the Fed is about to raise the price of money in the United States against a number that is mostly a closed strait on the other side of the world. I wanted to know whether that has ever worked, so I went back through five oil shocks and looked at what the Fed did each time.