The article points out that Europe's natural gas storage levels are lower than last year and at the bottom of the rolling average, facing the risk of energy shortages in winter. At the same time, US diesel prices continue to rise, with a national average of $5.47 per gallon, partly due to the decline in global refining capacity caused by the Iran conflict and the Russia-Ukraine war. In addition, California's fuel prices are high due to high taxes and insufficient refining capacity, and new pipelines may alleviate supply pressure.