US Diesel $3.75 Initial Reversion; What About T-Bonds? Same-chart syndrome between the daily national average diesel price and the US Treasury 30-year yield points to reversion potential from the fuel's lofty levels. A $6.16 a gallon on Sept. 11, diesel's reversion toward the $3.75 pivot from before the Iran war appears inevitable as supply disruptions ease. The surge in US crude and liquid-fuels net exports to more than 4 million barrels a day compares with net imports near 5 MMBD in 4Q14, when the diesel price dropped below its $3.75 threshold. Lower or higher energy prices, inflation and bond yields have implications for the midterm and 2028 elections. My graphic highlights growing US energy-supply surpluses that should squash energy inflation once some of the supply disruptions from the wars in Ukraine and Iran subside. Worsening conflicts could sustain elevated prices, leading to global recession. On the Bloomberg here: https://blinks.bloomberg.com/news/stories/tl1ftfrkv2tj {BI COMD} #diesel #crudeoil #bonds @BBGIntelligence(Mike McGlone)