Before a severely throttled X audience of seven impressions. But at least my larger audience of readers here can see my special moment in the sun, LoL.
I would not be surprised if the US didn’t experience major internal dissent soon especially when diesel hits $10 a gallon. Let’s just hope innocent people don’t get swept up.
— WinterWatch (@Winterwatch51) July 13, 2026
What will happen to oil prices on Monday?
Everyone is watching WTI at 72 dollars.
Diesel crack spreads just hit 77 dollars, more than the price of crude itself. That prices diesel as if oil were near 140.
Diesel is not a side market. It moves 80% of US freight by weight and… pic.twitter.com/aBRuEtOuNB
— Jack Prandelli (@jackprandelli) July 12, 2026
🚢Update (7/12 PM): The tape keeps thinning
7 commercial crossings in the last 24h (5 E→W / 2 W→E), down from 11 yesterday and barely ~6% of the Jan–Feb run-rate. Brent’s grinding higher, ~$78.79 and climbing as the closure prices in.
Flow down, crude up. Live chokepoint… pic.twitter.com/GHo6SIrcCV
— Michael McDonough (@M_McDonough) July 13, 2026
U.S. diesel inventory is now lower than in 2008 when oil was $147..
The profit margins for refining diesel right now is $77 while a barrel of oil is $72….
After all the events from last night, oil is barely up from $70…
Fair value of oil is at least $120 right now pic.twitter.com/6mRRdnzyw3
— Max (@MaxPapazov) July 12, 2026
Forget the “diesel is trading like $140 oil” clickbait gimmick @ekwufinance
The signal is more important than that.
A $77 crack says diesel is desperately scarce relative to crude.
The economy doesn’t run on Brent.
It runs on middle distillates.#Diesel #Oil #EnergyCrisis… https://t.co/l6qWj4mhh7
— Art Berman (@aeberman12) July 13, 2026
🚨CASH ON THE SIDELINES is almost nonexistent:
Total US cash, measured as money fund and bank deposit balances, as a % of the S&P 500 market cap, is down to 0.42, near the lowest level on record, according to Bloomberg.
This is well below the ~1.80 peak reached during the 2008… pic.twitter.com/M3Rqxk2RnA
— Global Markets Investor (@GlobalMktObserv) July 12, 2026
*S. KOREA'S KOSPI TRADING HALTED FOR 20 MINUTES AFTER 8% DECLINE
Trading halt #7 this year.
— zerohedge (@zerohedge) July 13, 2026
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