Texas
Diesel will likely stay costly even after Hormuz reopens, Dallas Fed economists say, as up to 10% of world refining sits idle
A Federal Reserve Bank of Dallas analysis blames lost refinery output and thin inventories, not retailer markups, for fuel prices running far above crude. The Strategic Petroleum Reserve is at its lowest level since 1982.
Dana WhitlockOctober 13, 20262 min read