Diesel crisis boils over: Europe holds crisis talks, Trump threatens export curbs

Diesel is the story the whole energy world is watching — $113.80 crack and retail at $6.38/gal have Washington talking export curbs and Brussels scrambling for reserves. Meanwhile crude keeps sliding on release chatter, which is doing exactly nothing for pump prices.

Diesel remains the epicenter of fuels markets: a $113.8/bbl crack, record retail prices, and Trump's threat to restrict US diesel exports have triggered emergency talks in Europe, which relies heavily on American barrels. Crude fell sharply on talk of coordinated strategic releases, but gasoline (crack $43.66, retail $4.603) is comparatively calm even as states move to address high pump prices on their own. On the policy side, the bipartisan Senate permitting deal and renewed RFS/biofuels-credit debates continue to shape the longer-term fuel supply picture, while SAF investment (Uniper-Syzygy, Georgia coalition) keeps building out separately.