Prague is moving to shield consumers from Europe’s fuel shock, capping gasoline and diesel prices and cutting diesel excise tax to the EU minimum. The one-month tax reduction is expected to cost about $52M. #Diesel#Gasoline#Czechia#Europe
Diesel and gasoline are diverging sharply in 2026. Diesel reached a record $5.967/gal and could set a new annual-average high, while gasoline at $4.157 remains well below its 2022 weekly peak of $5.006. #Diesel#Gasoline#Oil#Energy
President Trump urged U.S. oil companies to cut gasoline prices after crude fell more than 6% on renewed Iran diplomacy. The call comes days after Exxon, Chevron and major refiners posted soaring Q2 profits, even as pump prices remain above $3.29/gallon. #Oil#Gasoline#Trump
China is raising gasoline and diesel prices from July 18 after global crude surged on renewed Middle East tensions. The move follows a nearly 12% weekly jump in oil prices, while U.S. gasoline is nearing $4 per gallon again. #China#Oil#Gasoline#EnergyMarkets
U.S. gasoline prices have risen for the first time since May as renewed U.S.-Iran fighting disrupts the Strait of Hormuz. With oil up roughly 15% in a week and Russia restricting diesel exports, fuel markets are tightening on multiple fronts. #Oil#Gasoline#EnergyMarkets
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