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Iran war pushes diesel – the economy’s lifeblood – to record high prices, with no relief on the horizon

By Morgan Bazilian, Professor of Public Policy and Director of the Payne Institute, Colorado School of Mines
Jamie Webster, Fellow, Payne Institute for Public Policy, Colorado School of Mines

The country, and the world, have been losing diesel refining capacity for many years and can’t just ramp up production to fill the shortages.

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