AI模型聚合平台OpenRouter 10月8日披露的数据显示，平台上AI智能体的Token消耗量已全面超过人类用户。2月6日，智能体首次在Token消耗量上反超人类；到9月最后一周，智能体类API密钥消耗的Token已达人类类密钥的约7倍，OpenRouter预计这一差距未来几个月还将扩大。平台每月会根据工具调用频率、单次对话轮数和请求发送间隔等特征，将API密钥划分为"智能体型""人类型"或"混合型"。 智能体的用量结构与人类明显不同。由于每执行一步都要重新发送完整上下文，9月智能体近90%的用量为缓存读取，1月这一比例约为60%，输出仅占约1%。缓存读取价格约为新输入Token的十分之一，以Claude Sonnet 5计，每百万智能体Token的成本约0.51美元，不使用缓存则约2.08美元。分析认为，大模型的算力需求正从人机对话快速转向自动化的智能体工作流，这将重塑模型厂商与算力供应链的需求结构。

美联储哈玛克：如果经济回到3%的房贷利率，这可能意味着经济出现了问题。

Goldman Sachs says planned Russian diesel releases would have limited global price impact, while a potential 50 million-barrel release from European strategic reserves could cut wholesale diesel prices on the US Gulf Coast and in Europe by about $11/bbl. Analyst Eamonn Sheridan says diesel remains the most stressed segment of the Iran-war energy shock and that relief depends on government inventory releases rather than additional Russian supply. Goldman’s simulation shows a European reserve release would deliver meaningful but temporary relief, narrowing refining crack spreads and easing transport and industrial cost pass-through to inflation. The bank’s broader view is product markets stay tight through 2027, implying any diesel softening is likely transient, crack spreads and refiners’ margins will remain elevated, and persistent diesel tightness will keep refinery runs high, supporting crude even if wider supply concerns ease.