And Russia just banned/stopped export of Diesel and Gasoline... That won't help either.
Discussion
Prices are going to trend higher. Lots of factors curbing domestic production right now. Largest refinery in the US is shut down right now. Less new drilling. Baker Hughes rig count is near a 3 year low.
I'm predicting gasoline prices in the ballpark of a $6/gal national average by election season next year.
Yea, agree. The supply of energy in general and diesel/gas in particular is unlikely to expand over the next few years.
And even if, all new sources will be more expensive - "peak cheap energy" situation.