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00:02Diesel prices are surging ahead of the midterm elections and could remain elevated through
00:062027, according to CNBC.
00:09The International Energy Agency warned Wednesday that diesel inventories will likely remain
00:13strained until the second half of next year.
00:16Wholesale diesel prices more than doubled through September as the wars in Iran and Ukraine
00:20disrupted global supplies.
00:22Last week, President Trump paused sanctions on Russian diesel and announced a deal with
00:26Vladimir Putin to release nearly 36 million barrels into the global market.
00:30However, analysts expect little near-term relief.
00:33Goldman Sachs predicts prices will remain high through 2027 as refineries struggle to meet
00:38demand.
00:39U.S. diesel prices rose nearly 40% between July 6th and September 22nd.
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