Aug 242026
The gap closed, exactly as we said it would
Diesel refining margins set an all-time record above $100 a barrel and California diesel jumped 20¢ in a week to $7.142.
Aug 172026
The dip is over
Drones hit two tankers in the Strait of Hormuz and diesel futures rose almost 10% in five days — but the pump still priced last week's low.
Aug 102026
The break we said would need a Hormuz deal showed up
Both crude benchmarks fell more than 7% and California pump prices finally turned lower.
Aug 32026
The relief did not come
Brent closed July at $90.12 — its strongest month since March — and California diesel pushed to $6.91. We look higher again this week.
Jul 272026
Another leg up on Hormuz risk and $90 crude
Diesel and gasoline both moved higher again last week. Here is what it means for your fuel budget.