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Political Roundtable / Re: Iran War updates: 9-29-2026
« Last post by SRP22 on Today at 06:49:48 PM »Expensive Diesel Likely Here For At Least Another Year, Many Oil And Gas Execs Say
About half of a group of 100 oil and gas executives polled by the Federal Reserve Bank of Dallas said they don’t expect diesel prices to return to their 2025 levels for at least another year -- or longer.
At least 36% of the executives also said they don’t see gas prices returning to their 2025 levels for at least another year.
The quarterly energy survey, released Wednesday, would seem to pour cold water on President Donald Trump’s prediction that “gas prices will come tumbling down” as soon as his war on Iran concludes.
One executive predicted that the effects of higher diesel prices are just beginning to be felt.
“Diesel is the mother’s milk of the economy,” they wrote. “We are just starting to see the impact on the wider economy.”
About half of a group of 100 oil and gas executives polled by the Federal Reserve Bank of Dallas said they don’t expect diesel prices to return to their 2025 levels for at least another year -- or longer.
At least 36% of the executives also said they don’t see gas prices returning to their 2025 levels for at least another year.
The quarterly energy survey, released Wednesday, would seem to pour cold water on President Donald Trump’s prediction that “gas prices will come tumbling down” as soon as his war on Iran concludes.
One executive predicted that the effects of higher diesel prices are just beginning to be felt.
“Diesel is the mother’s milk of the economy,” they wrote. “We are just starting to see the impact on the wider economy.”

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