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this post was submitted on 28 Jul 2026
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askchapo
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in addition to other comments here about the distinction between paper markets and material reality being on a collision course, it's worth watching the price of diesel as it continues to climb without really having any sudden drops.
without Hormuz, diesel in the US is a refinery capacity problem and it is more of a signal for energy costs in transport and agricultural production than gas.
i think we'll see panic by fall.