European fuel costs hit highs
5m
Oil prices topped $100 a barrel, pushing gasoline and heating-oil costs to new annual highs across Europe, while oil executive Geir Aune warned the shock could persist.
Welfare costs of oil price shocks increase across countries with oil dependency, monetary policy reaction to inflation, and intertemporal elasticity of substitution measures. dx.doi.org/10.2139/ssrn.497...
September 17, 2026 at 3:30 AM
Welfare costs of oil price shocks increase across countries with oil dependency, monetary policy reaction to inflation, and intertemporal elasticity of substitution measures. dx.doi.org/10.2139/ssrn.497...
Fortune Magazine article featuring my work on oil prices and their effects on gasoline prices is available at fortune.com/2026/06/24/trum...
Trump claims consumers are being ‘gouged’ by gas companies and orders DOJ price probe | Fortune
“Gasoline prices better start going down a lot faster than what I’m seeing!” Trump wrote.
fortune.com
September 17, 2026 at 1:30 AM
Fortune Magazine article featuring my work on oil prices and their effects on gasoline prices is available at fortune.com/2026/06/24/trum...
so this is a bonanza for some specific parts of the Republican coalition, bad news for most other people (including Trump), and the kind of thing that starts to structurally change economies.
we've reached a new milestone- the U.S. average diesel price has hit $6.301/gal while gasoline is up to $4.355/gal. I expect both of these to jump noticably over the next 48 hours. diesel could hit $6.60/gal in a few days, surpassing the inflation-adjusted peak seen in 2022.
September 17, 2026 at 1:11 AM
so this is a bonanza for some specific parts of the Republican coalition, bad news for most other people (including Trump), and the kind of thing that starts to structurally change economies.
Reposted by David R. Miller, Brendan Nyhan
Trump on his Iran war: "You have a higher gas -- it's a very inexpensive price to pay for what we've done. Remember that. It's a little more. Frankly, even if it was a lot more."
September 17, 2026 at 12:23 AM
Trump on his Iran war: "You have a higher gas -- it's a very inexpensive price to pay for what we've done. Remember that. It's a little more. Frankly, even if it was a lot more."
Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks www.nytimes.com/2026/09/16/b...
Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks
Prolonged restrictions on exports could push oil prices even higher.
www.nytimes.com
September 16, 2026 at 10:06 PM
Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks www.nytimes.com/2026/09/16/b...
"The world could lose 120 million barrels of crude if the East-West Pipeline is offline for a month, according to estimates from Kpler."
www.nytimes.com/2026/09/16/b...
www.nytimes.com/2026/09/16/b...
Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks
Prolonged restrictions on exports could push oil prices even higher.
www.nytimes.com
September 16, 2026 at 9:06 PM
"The world could lose 120 million barrels of crude if the East-West Pipeline is offline for a month, according to estimates from Kpler."
www.nytimes.com/2026/09/16/b...
www.nytimes.com/2026/09/16/b...
Reposted by Marc Lynch
The impacts of the Iran war will intensify in the form of huge jumps in the prices of gasoline and diesel, analysts predict.
Attacks on Saudi Arabia’s East-West pipeline threaten to elevate what had been a shipping crisis into a broader disruption of oil.
Attacks on Saudi Arabia’s East-West pipeline threaten to elevate what had been a shipping crisis into a broader disruption of oil.
Analysts predict gas price jump, long disruption from damaged pipeline
The forecast of economic impacts beyond November’s midterms contrast with the Trump administration’s optimistic messaging.
www.washingtonpost.com
September 16, 2026 at 8:30 PM
The impacts of the Iran war will intensify in the form of huge jumps in the prices of gasoline and diesel, analysts predict.
Attacks on Saudi Arabia’s East-West pipeline threaten to elevate what had been a shipping crisis into a broader disruption of oil.
Attacks on Saudi Arabia’s East-West pipeline threaten to elevate what had been a shipping crisis into a broader disruption of oil.
by Amir Attaran
By next week, some Americans will be paying over $10 a gallon, and because the pumps can’t handle it, they’ll probably have to sell by the liter. Iran may succeed at making the USA metric.
September 16, 2026 at 8:01 PM
By next week, some Americans will be paying over $10 a gallon, and because the pumps can’t handle it, they’ll probably have to sell by the liter. Iran may succeed at making the USA metric.
I’ll probably include a graph like this alongside the one I already show students about demand reduction at the height of COVID.
The (somewhat over-simplified) pt I try to get them to figure out is that these short term shocks are painful. It’s not how we want to do a transition.
The (somewhat over-simplified) pt I try to get them to figure out is that these short term shocks are painful. It’s not how we want to do a transition.
NEW ANALYSIS: Global fossil-fuel emissions are set to fall by around 0.5% in 2026 amid the ongoing Hormuz crisis
We've all see the scare stories about a "return to coal" – but the "demand destruction" for oil is even bigger
Here's how it stacks up: www.carbonbrief.org/analysis-glo...
We've all see the scare stories about a "return to coal" – but the "demand destruction" for oil is even bigger
Here's how it stacks up: www.carbonbrief.org/analysis-glo...
September 16, 2026 at 7:53 PM
I’ll probably include a graph like this alongside the one I already show students about demand reduction at the height of COVID.
The (somewhat over-simplified) pt I try to get them to figure out is that these short term shocks are painful. It’s not how we want to do a transition.
The (somewhat over-simplified) pt I try to get them to figure out is that these short term shocks are painful. It’s not how we want to do a transition.
Can we talk about $6 for a gallon of diesel fuel? Or nearly $5 for a gallon of gasoline?
September 16, 2026 at 5:49 PM
Can we talk about $6 for a gallon of diesel fuel? Or nearly $5 for a gallon of gasoline?
Reposted by David Darmofal
Americans have collectively spent $107,000,000,000 more on gas and diesel during Trump's Iran war.
September 16, 2026 at 2:56 PM
Americans have collectively spent $107,000,000,000 more on gas and diesel during Trump's Iran war.
Reposted by Hisham Zerriffi
NEW ANALYSIS: Global fossil-fuel emissions are set to fall by around 0.5% in 2026 amid the ongoing Hormuz crisis
We've all see the scare stories about a "return to coal" – but the "demand destruction" for oil is even bigger
Here's how it stacks up: www.carbonbrief.org/analysis-glo...
We've all see the scare stories about a "return to coal" – but the "demand destruction" for oil is even bigger
Here's how it stacks up: www.carbonbrief.org/analysis-glo...
September 16, 2026 at 2:55 PM
NEW ANALYSIS: Global fossil-fuel emissions are set to fall by around 0.5% in 2026 amid the ongoing Hormuz crisis
We've all see the scare stories about a "return to coal" – but the "demand destruction" for oil is even bigger
Here's how it stacks up: www.carbonbrief.org/analysis-glo...
We've all see the scare stories about a "return to coal" – but the "demand destruction" for oil is even bigger
Here's how it stacks up: www.carbonbrief.org/analysis-glo...
"Oil price pass-through into consumer prices: Evidence from U.S. weekly data" has been cited at the Fortune magazine: fortune.com/2026/06/24/trum...
Trump claims consumers are being 'gouged' by gas companies and orders DOJ price probe | Fortune
"Gasoline prices better start going down a lot faster than what I’m seeing!" Trump wrote.
fortune.com
September 16, 2026 at 2:30 PM
"Oil price pass-through into consumer prices: Evidence from U.S. weekly data" has been cited at the Fortune magazine: fortune.com/2026/06/24/trum...
It is hard to articulate how insanely stupid & destructive the war against Iran has been, but as one clear data point, there is no reason to assume the price of gas would have been anything other than flat had Trump not chosen to start his absurd war.
September 16, 2026 at 2:09 PM
It is hard to articulate how insanely stupid & destructive the war against Iran has been, but as one clear data point, there is no reason to assume the price of gas would have been anything other than flat had Trump not chosen to start his absurd war.
by Niklas Höhne
- Besteuerung der Übergewinne der Ölkonzerne (zusätzliche Gewinne in EU seit Schließung der Strasse von Hormus rund 1 Mrd € alle drei Tage) www.transportenvironment.org/topics/energ...
Nicht einfach sondern komplexer zu kommunizieren, könnte aber als Gesamtpacket breite Wählerschaft überzeugen
Nicht einfach sondern komplexer zu kommunizieren, könnte aber als Gesamtpacket breite Wählerschaft überzeugen
Oil profits tracker
Europe’s cars, trucks, planes and ships still rely on oil. It’s bad for climate and leaves the continent reliant on imports and vulnerable to oil cartels.
www.transportenvironment.org
September 16, 2026 at 1:52 PM
- Besteuerung der Übergewinne der Ölkonzerne (zusätzliche Gewinne in EU seit Schließung der Strasse von Hormus rund 1 Mrd € alle drei Tage) www.transportenvironment.org/topics/energ...
Nicht einfach sondern komplexer zu kommunizieren, könnte aber als Gesamtpacket breite Wählerschaft überzeugen
Nicht einfach sondern komplexer zu kommunizieren, könnte aber als Gesamtpacket breite Wählerschaft überzeugen
Reposted by Brian Young, Henry Jones
US diesel prices hit record highs as executives warned that the monthslong crunch in oil markets was entering its most acute phase.
www.semafor.com/article/09/1...
www.semafor.com/article/09/1...
September 16, 2026 at 1:33 PM
US diesel prices hit record highs as executives warned that the monthslong crunch in oil markets was entering its most acute phase.
www.semafor.com/article/09/1...
www.semafor.com/article/09/1...
