The International Energy Agency (IEA) has warned about a potential destruction of demand in the global diesel markets in its latest Oil Market Report. High diesel prices are fueling inflation and adding pressure on the global economy, according to the November report. The market was already in a deficit before Russia’s invasion of Ukraine began…

With diesel prices remaining elevated, inflation is becoming that much harder to bring under control, placing more financial burden on American consumers. Vehicles like trucks, tractors, trains, barges, and construction equipment—which are part of the commercial traffic—are mostly run on diesel. As such, the fuel is intricately linked to consumer inflation as their prices factor…

Republicans have intensified their criticism of President Joe Biden and his energy policies for the shortage of distillate fuel oil that they’re calling a looming “diesel crisis” that will hurt American families. Data from the U.S. Energy Information Administration (EIA) show that diesel stockpiles, in October, are at their lowest level among records that go…