This is Spreading - Joe Blogs [View all]

Diesel prices have just surged above $5 per gallon in the United States…

And that’s a major warning sign for the global economy.

This has only happened once before — during the 2022 energy crisis. And now it’s happening again.

In this video, I break down what’s really going on behind the latest surge in oil prices, why gasoline and petrol prices are rising around the world, and how this is now turning into a global diesel shock.

We’re already seeing fuel prices spike across the UK, Canada and Australia, as disruption in the Middle East begins to impact global energy markets.

But the key issue here isn’t just oil…

Diesel powers the global economy.

It fuels transport, farming, manufacturing and supply chains — which means rising diesel prices quickly feed into food prices, inflation and the cost of everyday goods.

I also explain why this is happening even in countries like the United States that don’t rely heavily on Middle Eastern oil — and why oil being a global commodity means everyone is affected.

With attacks on energy infrastructure continuing, and tensions around the Strait of Hormuz remaining high, the risk is that this situation could escalate further.

And if that happens…

The economic impact will be felt everywhere.