Goddamn gas prices

‘We’re not making money’: $8 diesel leaves California truckers fighting to survive​


By Nilesh Christopher
October 7, 2026


• California diesel prices hit $8.35 a gallon this week, more than 30% above the national average, squeezing already-struggling truckers.

• Small operators are losing money as the Iran war drives oil prices higher and driver shortages raise wages and shipping rates.

• Some truckers are shrinking fleets, fueling up out of state and changing driving habits; higher hauling costs could soon show up in grocery prices
 

Trump's diesel deal with Russia equals less than two weeks of U.S. demand​


Spencer Kimball
October 13, 2026


• President Donald Trump's diesel deal with Russia would supply the global market with 4.8 million metric tons, or nearly 36 million barrels total.

• This is equivalent to about 10 days of U.S. domestic demand or a little more than a single day of global demand.

• The U.S. is a net diesel exporter so it does not need Russian supply, said Andy Lipow, president of Lipow Oil Associates.

• Goldman Sachs estimated the initial Russian release would only reduce wholesale diesel prices by $1 to $2 per barrel
 
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