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The screws are tightening

Russia Set To Slash Diesel Exports In September

Amid refinery maintenance and rising domestic fuel prices, Russia is set to cut its diesel exports from its ports on the Baltic and Black Seas by nearly 25% in September compared to the export plans for August, Bloomberg reported on Friday, quoting industry data it had seen.

https://www.zerohedge.com/commodities/r ... -september

It’s all global. Diesel costs will go up, making the diesel the frackers inject into the earth and use to run all the related machinery more expensive, making the price at the pump more expensive…
Yes, the screws are tightening.

Buggy wrote: ...the diesel the frackers inject into the earth and use to run all the related machinery more expensive,

And the oil that comes out is too light to make diesel! Diesel is what the world really runs on, gasoline is mostly just for personal transport, personal pleasure trips. When people had to walk or take a tram or bus to go shopping they didn't fill a trolley with packets of potato chips and boxes of soda, they ate a lot more healthier. Takeaway garbage food, meals full of chemicals and little nutrition was non-existent either. Why is there a poor health epidemic in the West? Look no further.

Both major US indices above $90 now, and climbing.

I am paying $4.56/ gallon here in Newfohndland.