Adobe forecasts U.S. online holiday spending will hit a record $275 billion this season — up 6.7% from 2025 — but the energy crisis is complicating the picture for retailers.
Some senators and governors are calling on the Trump administration to temporarily ban diesel exports to boost domestic supply. Experts say it might not work as well as they hope.
Trucking costs are rising even faster than the price of diesel fuel because of the Trump administration’s crackdown on drivers with limited English proficiency.
U.S. refineries are operating at about 97% capacity as they compensate for global refining capacity lost to war damage elsewhere. Now, upcoming run-of-the-mill maintenance adds even more pressure on markets.