2026 vs. 2008 - Gasoline, Diesel, Stocks Gasoline and diesel price spikes are typically their own worst enemy, and 2026 is showing 2008-like inklings. When the daily national gasoline price surged above $4 a gallon for the first time in 2Q08, it helped trigger the Great Recession. Gasoline at about $4.48 on Sept. 18, 2026 is roughly the same as its peak 18 years ago, but record-setting diesel above $6 could have repercussions akin to surging gas in 2008. What's notable in our graphic is that 2007 marked the last time US stock-market capitalization vs. public debt was similarly stretched, with the ratio now above 2x. Diesel is known as the grease of the global economy, which is faring worse than the US. The US, the world largest energy importer in 2008, is now a net exporter. That shift may highlight gas and diesel's autocorrelation tendencies, especially if the stock market reverts a bit. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tlcjt9kijh9i {BI COMD} #diesel #gasoline #energy #stocks @BBGIntelligence