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Fill up your tank ASAP. Diesel could surge $.60 per gallon this week

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Sep 16, 2019 at 02:12 PM CST
Diesel prices could spike by over 20% overnight due to the market coming to grips with the biggest blackswan event to hit oil in over a decade. On Friday night, while most of the U.S. was settling in for a weekend of high school, college and professional football, the world’s second largest oil producer was struck by a fleet of drones. The attack resulted in nearly half of Saudi Arabia’s oil production capacity taken off line, representing nearly 5% of global supply.

Sep 16, 2019 at 02:12 PM CST

Diesel prices could spike by over 20% overnight due to the market coming to grips with the biggest blackswan event to hit oil in over a decade. On Friday night, while most of the U.S. was settling in for a weekend of high school, college and professional football, the world’s second largest oil producer was struck by a fleet of drones. The attack resulted in nearly half of Saudi Arabia’s oil production capacity taken off line, representing nearly 5% of global supply.