Mats buraas reposted
In the least surprising news of the week, U.S. diesel prices rose for a second week after Trump announced a sanctions waiver for Russian diesel. The point isn't cheaper fuel. It's the theater of “hard choices” that reliably benefit Putin and rarely anyone else.
New from me: The US has faced a higher cost than any other country from the global Hormuz oil shock, with the crisis adding $160 billion to its fuel bill — or $471 per person on average — despite being the world’s largest oil producer.