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News & Articles By Sterling Ashworth
10/05/2026
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By Sterling Ashworth
Gasoline-Only Vehicles Fall Below Half of Global New Car Sales for First Time on Record Amid Fuel Price Shock
Gasoline-only vehicles fell below half of global new vehicle sales for the first time on record, according to Mobility Global data cited by Nikkei Asia. Between January and June, sales of gas-powered vehicles excluding hybrids fell 10% from a year earlier to 20.25 million cars, and their share of total global automotive sales dropped 3 […]
10/05/2026
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By Sterling Ashworth
China Halts October Fuel Exports as Global Diesel Crunch Deepens
China’s major refiners have suspended most refined fuel exports for October as Beijing prioritizes domestic supply security, according to a Reuters report cited by OilPrice.com [1]. The move removes another source of diesel, gasoline and jet fuel from a global market already described as severely constrained. PetroChina canceled several gasoline and jet fuel cargoes scheduled […]
10/02/2026
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By Sterling Ashworth
Iowa Midterms Put Farm Policy, Trump Agenda at Center of 2026 Races
Iowa voters will decide congressional and state races in November 2026, with farm policy and President Donald Trump’s national agenda among the top issues, according to campaign officials and strategists. Candidates in both parties have focused on agricultural trade, input costs, biofuel standards and the rural economy, the officials said. The races are taking place […]
10/02/2026
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By Sterling Ashworth
Conference Board Reports: Consumer Confidence Drops for Third Straight Month to 2014 Lows
The Conference Board reported Tuesday, Sept. 29, that its consumer confidence index fell to 81.9 in September, down 6.7 points from August. The reading is the lowest since 2014, when sentiment was rebounding from below 30 during the financial crisis, the board’s report stated. The decline marks the third consecutive monthly drop in the index, […]
10/02/2026
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By Sterling Ashworth
Global Crop Prices Post Largest Quarterly Jump Since Ukraine Invasion, Index Shows
Global crop prices recorded their largest quarterly increase since Russia invaded Ukraine in early 2022, according to data published by the Bloomberg Agriculture Spot Index. The index rose 13% during the third quarter, the biggest quarterly advance since the conflict began, index data showed [1]. The index tracks 10 major crops, including corn, soybeans, wheat, […]
10/02/2026
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By Sterling Ashworth
AP-NORC Poll: Most Americans Blame Trump for High Prices as Economic Approval Hits New Low
A new poll from the Associated Press (AP) and the NORC Center for Public Affairs Research found that 17% of U.S. adults approve of U.S. President Donald Trump’s handling of the cost of living, while 26% approve of his handling of the economy – a new low for his administration, according to the survey. [1] […]
10/01/2026
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By Sterling Ashworth
16 U.S. Trucking Companies File for Bankruptcy as Record Diesel Prices Squeeze Industry
More than a dozen American trucking companies filed for bankruptcy in the past month, according to an industry news report. Some 16 firms, accounting for more than 250 jobs, filed for Chapter 7 or Chapter 11 proceedings, FreightWaves reported on Sept. 22, 2026. Diesel prices hit a record average of $6.53 a gallon on that […]
09/30/2026
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By Sterling Ashworth
Saudi Arabia Restarts East-West Pipeline, Bypassing Strait of Hormuz
Saudi Arabia has resumed oil exports through its East-West pipeline, restoring access to Red Sea loading facilities that bypass the Strait of Hormuz, according to a Bloomberg report cited by ZeroHedge [1]. The restart coincides with Kpler data from late last week showing that Hormuz oil flows have recovered to about two-thirds of prewar levels, […]
09/30/2026
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By Sterling Ashworth
Soaring U.S. Diesel Prices Squeeze Schools, Farms and Food Banks
Average U.S. diesel prices hovered around $6.50 a gallon on Friday, just below the record high of $6.53 set on Sept. 22 and up from $3.69 a year earlier, according to AAA data cited in reports [1]. The national average first crossed the $6 mark in September, exceeding the prior peak of $5.82 per gallon […]
09/29/2026
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By Sterling Ashworth
U.S. Strategic Petroleum Reserve Drops To Lowest Level Since 1982 – Can Washington Afford To Refill It?
The U.S. Strategic Petroleum Reserve (SPR) has fallen to its lowest level in more than four decades according to federal data, as a large-scale drawdown authorized earlier this year continues to work through the system. The SPR held 284.6 million barrels for the week ending Sept. 18, according to Energy Information Administration (EIA) figures, down […]
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