On the PBD Podcast, the Home Team examines what could happen if U.S. diesel reaches $10 per gallon. That remains a hypothetical scenario, but AAA says national diesel already hit a record $6.4476 on September 18, while California reached $8.3945. President Trump said September 9 that oil prices would be “tumbling downward” after the November midterms and predicted gasoline below $2 per gallon. His statement is verified; the clip’s suggestion that electoral considerations explain his timing is interpretation, not established fact. A major diesel spike would hit more than motorists. Diesel powers trucking, agriculture, construction and freight, allowing higher fuel costs to spread through supply chains. Reuters says today’s record diesel prices are already creating significant economic and inflation pressure. Supply remains unusually tight. U.S. distillate stocks stood at 107.9 million barrels for the week ending September 11, about 13% below their five-year average. Global refinery disruptions in Russia and the Middle East have intensified the pressure on diesel markets.
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