Global diesel prices hit record highs, further rises possible
War-related refinery damage, export bans and Red Sea disruptions have tightened supplies, with U.S. diesel averaging $6.505 a gallon, AAA said.
- On Monday, September 21, 2026, U.S. retail diesel prices reached a record average of $6.505 per gallon, surging past $6 in most states as geopolitical tensions strained global supply chains.
- Global diesel shortages stem from the ongoing U.S.-Iran war, which disrupted shipments through the Strait of Hormuz, combined with Ukrainian drone strikes damaging Russian refineries and Moscow extending export bans.
- Record fuel costs are severely squeezing profit margins for truckers and farmers, with long-haul drivers facing fill-up costs ranging from $1,200 to over $1,900 per trip, according to industry data.
- Higher diesel prices are cascading through supply chains, with retailers absorbing freight cost increases that could eventually raise prices for consumers on produce, dairy, and meat products this fall.
- Experts warn heating oil costs could rise by more than 30 percent this winter as the U.S. enters the season with distillate inventories 15 percent below the five-year average.
434 Articles
434 Articles
Record-High Diesel Prices Are Becoming a Political Emergency for Trump
Current conditions: Rains from Typhoon Dujuan caused landslides that killed four people in regions near Tokyo, while six are still missing • More than 20 active fires, including one threatening the popular tourist town Villa de Leyva, have led Colombian authorities to declare a public calamity • It’s cool and damp in New York City, where United Nations Secretary-General António Guterres is preparing to open his final session of high-level debate…
‘No slack’ left in U.S. refineries as diesel tops $6.50 a gallon, could go even higher
Source link U.S. refineries have little room to absorb another supply shock as diesel prices keep climbing, an energy analyst told the Daily Caller News Foundation. The national average price of diesel reached a record $6.51 a gallon Monday, up from $6.23 a week earlier and $3.70 a year ago, according to the American Automobile
Follow all developments regarding energy prices in our live blog.
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
