The Financial Times reports US oil and gas firms warn diesel prices may need
over a year to return to 2025 levels. A Dallas Fed survey of 100 energy
companies found nearly half expect diesel to take more than four quarters to
normalize. Respondents cited disruption to Middle East supply from the Iran war
and Ukrainian strikes on Russian refineries as key factors tightening global
diesel availability. An industry respondent said diesel is critical to economic
activity and the market is only beginning to feel the impact of high prices. The
Trump administration has discussed measures including restricting diesel exports
and urging allies to release stocks to curb domestic fuel costs. Analysts warn
an export ban could boost US supply short term but may lift fuel prices longer
term and disrupt Europe and Latin America, which rely on US diesel shipments.
