these levels are tentative based on current markets, changes are highly likely as the situation unfolds.

Gas prices could start reversing nationally in 48 hours or so- by a few cents every day. Diesel prices may lag slightly- but where things stand now, diesel is NO longer likely to reach a record. National average gasoline could fall below $4 in ~1-2 weeks, diesel >$5 in 6-8 weeks

coming days will see volatility as the US/Iran and other parties negotiate. Iran has signaled safe passage through the Strait for two weeks. Right now: oil prices dropping significantly, and that could lead gas price increases to fade over the next 48 hours before drops then begin.

Iran foreign minister statement says Iran will allow, for 2 weeks, safe passage through the Strait:

Iran's Supreme National Security Council has "declared victory", saying the U.S. accepted its 10-point plan. However, Iran's side of things is that they will continue to control access to the Strait of Hormuz

oil prices plummeting on optimism that Trump's acceptance of Pakistan's two-week ceasefire, with Trump hoping Iran would meet in the middle and reopen the Strait. WTI crude down $17.40/bbl or $15.7%- very volatile trading- waiting for Iran to signal in response.

Another two week "ceasefire" from Trump- but Iran is highly unlikely to simply "reopen the Strait". Another two weeks of status quo and barely anything getting through the Strait, which is likely to continue to push oil, gasoline, diesel and jet fuel prices higher yet

I believe the national average price of diesel now $5.63/gal right now, 18 cents from a new record ($5.81/gal previous record, 6/17/22)

ALERT: #GasPrices appear to be rising to $3.89-$3.99/gal in #SouthCarolina today. This is a price cycle exacerbated by the Iran situation.

ALERT: #GasPrices appear to be rising to $3.69/gal in #Minneapolis #StPaul today. This is a price cycle exacerbated by the Iran situation.

ALERT: #GasPrices appear to be rising to $3.69/gal in #Minneapolis #StPaul today. This is a price cycle exacerbated by the Iran situation.

ALERT: #GasPrices appear to be rising to $3.99/gal in #StLouis today. This is a price cycle exacerbated by the Iran situation.

Great Lakes about to see more pressure on #gasprices- several refineries in the region undergoing active maintenance- jet fuel, diesel and gasoline values all seeing big jumps today- next gas price spikes in Great Lakes could be notably higher.

If you're in OK, MO, KS, IA, NE, MN, SD, ND and USE DIESEL- you may want to fill up soon. Diesel prices in these states could ramp up, and by next week could be noticeably higher than they are now.

Wow- some hefty hefty increases to wholesale diesel and gasoline prices again for the nation's interior states- watch out OK, MO, KS, IA, NE, MN, SD, ND in the days ahead- we'll likely soon see no states with diesel below $5/gal.

The surge in gasoline, diesel and jet fuel prices led Phillips 66- a major refiner- to lose nearly $1 billion from hedges, according to BBG.

WTI crude up $2.60/bbl as Trump warns Iran with new escalations, national average price of gasoline rises to $4.14/gal, while diesel climbs to $5.62/gal, some ~20 cents from a new record high. Whether or not we see these numbers surge will depend on actions today.

Absolutely shocking escalation by Trump this morning- jarring to say the least- if he follows through, there’s little doubt that fuel prices will hit modern records.

The national average price of diesel has risen today to $5.62/gal with the national average price of gasoline at $4.13/gal, the highest since August 3, 2022.
Big jumps today at gas pumps in:
MI +18.4c/gal
IN +15.0c/gal
OH +11.5c/gal
OK, KY, ND, UT, IL, MD, ID also.

if you want any oil or fuel price posts myth busted, screen shot and post them. Don’t interact with them, it builds the hype for lies and misinformation and if you interact with it, it boosts the visibility of bullsh*t

ALERT: #GasPrices appear to be rising to $3.59/gal in #Nebraska today. This is a price hike from the last increase due to the situation with Iran.

A barrel for purposes of oil is 42 gallons. Unit is bbl- blue barrel. 42 gals.

The Middle East Gulf was source for 8% of 2025 U.S. crude oil imports: EIA

ALERT: #GasPrices appear to be rising to $4.69/gal in #Chicago's Cook county and to $4.59/gal in Chicago's suburbs. #NWIndiana rising to $4.29/gal. This is a price hike from the last increase due to the situation with Iran.

Pretty long list of states seeing #gasprices rise today- the current total tally:
ID, UT, PA, MD, KY, TN, TX, OK, OH, MI, IN, VA, AZ, NM
still watching for cycles in CO, MO, MN, NC, SC, DE, NJ (but these areas could still escape a cycle today)

ALERT: #GasPrices appear to be rising to $4.39/gal in #Idaho today. This is a price hike from the last increase due to the situation with Iran.

ALERT: #GasPrices appear to be rising to $4.29/gal in #Utah today. This is a price hike from the last increase due to the situation with Iran.

ALERT: #GasPrices appear to be rising to $4.39/gal in #Pennsylvania today. This is a price hike from the last increase due to the situation with Iran.

ALERT: #GasPrices appear to be rising to $4.19/gal in #Maryland today. This is a price hike from the last increase due to the situation with Iran.

ALERT: #GasPrices appear to be rising to $4.39/gal in #Louisville and to $4.19/gal in other areas of #Kentucky today. This is a price cycle exacerbated by the Iran situation.