Gas Hits $4.10. California Diesel Sets an All-Time Record at $7.56.
The national average hit $4.104 on Friday and California diesel reached $7.559 -- an all-time record that eclipses even the 2022 Ukraine-era peak.
Dara Osei
Bureau: London
The Oil Market Has Split in Two: Physical Barrels at $141, Futures at $109
Dated Brent -- the price for actual physical crude -- hit $141 a barrel on Thursday, while Brent futures settled at $109, a $32 gap that reveals the real severity of the supply crisis.
California Diesel: $7.559 a Gallon, the Highest Price Ever Recorded in Any US State
California's statewide diesel average hit $7.559 on Thursday -- an all-time record that surpasses the 2022 Ukraine-era peak by more than fifty cents.
The Iran Oil Sanctions Waiver Expires April 19. The 140 Million Barrels Never Arrived.
The 30-day sanctions waiver to release 140 million barrels of Iranian oil expires April 19 -- Iran snubbed it, buyers stayed away, and the barrels never materialized.