The Purge May Be Worse Than the Surge - Diesel, CPI, Bond Yields The fact most central banks are hiking rates in response to the energy crisis may enhance a normal high-price cure cycle in heating oil/diesel futures back toward $2 a gallon after breaching $5. What's different from similar surges in 2008 and 2022 are rising US energy surpluses, falling natural gas prices and a stretched stock market approaching the US midterm elections. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tlgc26rkv2tr {BI COMD} #diesel #inflation #energy @BBGIntelligence