Oil Is Flowing From Hormuz Again—Just Not Diesel

“Ships are ferrying almost as much crude oil out of the Strait of Hormuz as they were before the Iran war. But they are barely moving any barrels of the fuel the world needs most: diesel,” the Wall Street Journal reports.

“For now, the distinction is paramount in American politics. President Trump’s team has explored a long list of options to arrest the skyrocketing price of diesel fuel, which factors into the cost of groceries, gadgets and just about everything else moved on semitruck beds.”

“The national average for a gallon of diesel hit a record $6.53 late last month. In California, where supplies are increasingly tight and fuel taxes are higher, diesel reached a historic high of $8.44 a gallon.”