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High Gas Prices Linked to Refining Capacity Shortage

2 sources · updated 2026-09-22
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What happened

About 45 days before the U.S. midterm elections, the national average price of diesel rose 42 cents in one week and exceeded $6 a gallon, while regular gasoline averaged $4.48 a gallon—about $1.20 higher than a year earlier and roughly 52 percent above January levels. The increases came during an ongoing U.S. war involving Iran and after Ukrainian strikes on Russian oil facilities that reports said had disabled about one-third of Russia’s refining capacity, after which Russia banned diesel exports. President Trump said Ukraine had agreed not to hit Russian energy targets and that Russia had agreed to do likewise; Ukrainian President Volodymyr Zelensky described a U.S. proposal for a mutual halt to strikes on critical infrastructure that Ukraine would support if Russia stopped bombing Ukrainian infrastructure, and days later he publicized further Ukrainian attacks on Russian oil sites. Senate Majority Leader John Thune said he was “open to exploring” a U.S. diesel-export ban as prices surged, and home heating oil rose about 75 percent year-over-year in parts of the Northeast, including Maine.
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How it developed
When the first report landed and whether it named anyone; when the first named source and the first document appeared. Here: First report Sep 20, 16:00 UTC by The Hill, with no named source. No article has named one since.
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Omitted — what each side leaves out

Unpacked

Left-leaning coverage treats diesel's latest jump as an Iran-war story landing on Republicans before the midterms. Right-leaning coverage is simply more complete on causes, adding Ukraine's strikes on Russian refineries, after which Russia banned diesel exports. The only price move in left-leaning coverage, from The Hill, is a 42-cent rise in the national average. Right-leaning coverage, in Daily Wire, puts diesel above six dollars a gallon after that ban. Left-leaning coverage stays on Republican risk, noting souring energy costs 45 days from the election. Right-leaning coverage pivots immediately to a possible "historic energy crisis" in which pipelines lose pressure and stations run out of fuel, with the midterms treated as a fallout of that shock. How much of the diesel spike comes from the Iran war, and how much from Russia's export ban?
Bottom line

The Hill attributed a 42-cent diesel jump to the Iran war and never mentioned Russia's export ban. Daily Wire says that ban helped push diesel above six dollars a gallon heading into the midterms.

The receipts — 1 fact one side's coverage lacks
  • Senate Majority Leader John Thune said he is open to exploring a diesel export ban official statementin Daily Wire · absent from left-leaning coverage
The Left View
The Hill frames the diesel surge as “the latest economic headache for GOP,” arguing that rising diesel is “a particular problem for Republicans” because surging energy costs are souring the economic mood with the midterms 45 days away. It presents the 42-cent weekly jump in the national diesel average as “largely” a result of the ongoing U.S. war in Iran, while noting that President Trump has sought to respond.
The Right View
The Daily Wire argues that treating the already-noted price spike as a conventional, Iran-war “high gas prices” story that will simply cost Republicans in the midterms is “a simplistic and very optimistic version of events,” and that the country is “careening towards a potentially historic energy crisis” that is “a physics problem, not simply an economic one.” It cites JPMorgan language about a possible “operational stress floor” for global oil inventories after which pipelines, refineries, and fuel supply could fail, and it locates the diesel shock less in Middle East crude flows to the Americas than in Ukrainian strikes on Russian refining, Russia’s diesel-export ban, and refineries “yield switching” toward diesel (citing a Goldman Sachs diesel-gasoline spread above $60 a barrel versus $3 a year earlier). It says Trump’s claimed mutual halt on energy strikes did not hold, that Zelensky “is happy to say one thing and do another,” and that continuing those strikes raises diesel and gasoline costs for Americans while helping Democrats, who have voted almost unanimously for Ukraine aid and whom the piece says have long treated high fuel prices as useful for a “green economy.” It warns that Republican talk of a diesel export ban or domestic price pressure—Thune’s “open to exploring” an embargo and Chuck Grassley’s attack on “Big Oil”—is “exactly the kind of rhetoric you’d expect from Bernie Sanders or Elizabeth Warren” and would collapse margins, cut refining, and backfire as in the 1970s. It further ties tightness to a drawdown of the Strategic Petroleum Reserve, Houthi disruption of Red Sea shipping, and record tanker rates, and it analogizes the stakes to European fuel shortages and “cold-related excess mortality.”
Our Take (balanced)
The left’s strongest argument is political timing and ownership: a sharp, measurable diesel jump 45 days from the midterms, which The Hill calls “a particular problem for Republicans” and attributes “largely” to the Iran war under a Republican administration, is classic pocketbook pain for the incumbent party. The right’s strongest argument is causal mechanism, not mood: diesel at record levels, a Russian export ban after strikes on refining, and documented yield-switching from gasoline to diesel explain a supply shock that an Iran-only story does not fully capture, and the disputed Trump–Zelensky energy-halt sequence is the clearest evidence that this channel was still open. The central unresolved tension is whether the spike is mainly the electoral cost of the Iran war on the GOP’s watch, or mainly a diesel-specific shock from the Ukraine–Russia energy war—and whether that makes the story a standard midterm economy fight or something closer to the systemic “operational stress floor” risk the Daily Wire draws from JPMorgan.

2 sources

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