Topic

Rising fuel prices squeeze motorists

3m

Fuel prices rose across Britain, Australia and Sweden, with UK van drivers facing £2.5 billion in extra diesel costs and Australian petrol topping A$2.40 a litre.

131%
81%
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What is the impact of the Ukraine war on US gasoline and diesel prices? None.
October 11, 2026 at 5:54 PM
108%
"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
October 12, 2026 at 5:00 AM

Reposted by Torben Pedersen

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Reposted by Maksym Polyakov

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"The 2.25m barrels of diesel Putin offered Trump will have zero net impact on the world price of diesel. But accepting them will collapse the US-led sanctions regime on Russia—and align Trump with Putin against Ukraine's attacks on Russian energy production..."

www.theatlantic.com/ideas/2026/1...
Trump Is an Easy Mark for Putin
The president’s diesel deal sells out Ukraine, and does nothing for Americans.
www.theatlantic.com
October 11, 2026 at 6:09 PM
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"Asymmetric incidence of sales taxes: A short-run investigation of gasoline prices" is available at the Journal of Economics and Business: doi.org/10.1016/j.jeconbus....
October 11, 2026 at 7:30 PM
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Reposted by Thomas Masterson

6%
Krugman did the arithmetic on the Russian diesel deal. 300,000 tons is a bit over 2 million barrels and America burns about 4 million a day, so Krasnov sold out Ukraine for roughly 12 hours of fuel. Meanwhile Canada has a diesel surplus right next door.
Nobel-winning economist shuts down Trump's diesel fever dream
Nobel Prize-winning economist Paul Krugman made it clear that President Donald Trump's new scheme to reduce diesel prices will have no impact, that is, assuming it gets off the ground at all.Writing M...
www.alternet.org
October 12, 2026 at 1:45 PM
2%
Just looking at that link it looks like old rope sales are still holding up!
Hydrogen for low grade heat for whisky distillation - that's taking the piss really isn't it?
October 12, 2026 at 11:41 AM

Reposted by Matthew Bunn

2%
Trump is telling Americans that Ukrainian attacks on Russian oil facilities is the reason diesel prices are high. THAT IS A LIE. Ukraine's attacks had no perceptible impact on diesel prices; Trump's Iran war is the cause of the spike.

Here's the data, straight from the Trump Administration itself.
October 11, 2026 at 11:10 PM
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Reposted by Olga Onuch

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Reposted by Peter Matanle

1%
The United States is the world's largest exporter of diesel. Importing a small amount of diesel from Russia will do nothing to bring down prices for American farmers and truckers.
October 12, 2026 at 12:36 AM

Reposted by Magda Teter

1%
Donald Trump and his war in Iran are to blame for our nation's sky-high diesel and gas prices. His latest ploy—buying fuel from his friend Vladimir Putin—reeks of weakness and will help pay for Russia’s war but will do nothing to make life more affordable for American families.
October 11, 2026 at 10:22 PM