🌐 Global Economy 18h ago · Menzie Chinn

EIA Gasoline and Diesel Fuel Update, 5 May 2026

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EIA Gasoline and Diesel Fuel Update, 5 May 2026
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From EIA today. Look not only at gasoline, but also diesel



Unexpected? The link from oil price to gasoline and derivatives is one of the more robust in economics.
 

So… remember, each dollar increase in gasoline price above $3.98 is almost 100% attributable to Mr. Trump.
 
 

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