Iran claims seven tankers were hit near Hormuz, and President Trump calls the hits fake. Saudi Arabia’s Red Sea bypass is rated at 7 million barrels a day. Diesel is $6.32. Here is what is confirmed, what is only claimed, and what it costs you. By Energy News Beat | Friday, Oct. 23, 2026 | […]
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The San Antonio refiner’s third-quarter profit rose about sixfold from a year ago, beating Wall Street’s forecast. Here is what a $72-a-barrel diesel margin means, what it doesn’t, and why it swings. Diesel costs $6.31 a gallon this morning, the AAA national average at 6:24 a.m. CT, up from $3.63 a year ago. That is […]
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Energy Secretary Chris Wright says the U.S. is talking about “reopening every refinery we can.” With diesel at $6.32 and U.S. plants already running hard, ENB checked which shut refineries could realistically return, and how fast. If you drive a diesel pickup, run a farm or haul freight, here is the number that matters this […]
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Washington has the authority and a $1 billion DPA fund for refinery projects, and it is talking with shut refineries about restarts. Valero’s idled Benicia plant is part of the talks, but the owner is weighing redevelopment and the state is paying for imports. If you drive in California, you pay for the state’s refinery […]
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North Carolina now has the lowest state average in the country after a 41-cent break. Studies say most of a cut reaches drivers, but not all of it, and the bill for roads comes due later. If you filled up in North Carolina this morning, you paid about $3.61 for a gallon of regular. That […]
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On Thursday, the International Energy Agency agreed to accelerate the release of more than 20 million barrels of diesel, with no timeline. By our math, that is about 17 hours of world demand, or five days of U.S. use. Emergency barrels help, but they do not build refineries. – The key is whether they actually […]
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Vice President JD Vance says the administration “has used” the Defense Production Act to expand Delek’s 74,000-barrel-a-day plant in East Texas. Diesel is $6.32 and nobody has published the dollars, the barrels or the start date. Here is what is real, what is not yet, and whether one small refinery can be the start of […]
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California’s Cap-and-Invest and Low Carbon Fuel Standard added about 47 cents a gallon in July (CEC). Washington’s carbon auction and clean-fuel rules add roughly 36–74 cents. The federal RFS is a separate 1-to-45-cent fight over gross credits versus net pump pass-through. We map the published estimates, keep taxes and refinery closures in their own buckets, […]
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The September 2026 Consumer Price Index delivered a clear message: energy prices—especially gasoline and diesel—drove the latest inflation jump. Headline CPI rose 0.6% month-over-month and accelerated to 3.7% year-over-year, up from 3.4% in August, according to the Bureau of Labor Statistics.Bls Gasoline prices surged 9.1% in a single month and accounted for more than half […]
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Diesel is $6.30 a gallon, $2.64 more than a year ago. The International Energy Agency now says the world’s diesel shortage runs “well into 2027.” We checked three clocks, the futures market, the government forecast and the IEA, to estimate how long $6 diesel can hang on, and who pays while it does. Our answer, […]
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