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Global diesel prices hit record highs, further rises possible
Diesel futures and pump prices surged as refinery outages, export bans and shipping disruptions tightened supplies, with U.S. retail prices topping $6.50 a gallon.
- 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.
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Diesel Prices Hit Record High - ButlerRadio.com - Butler, PA
The price of diesel has reached record highs. The average price for a gallon of diesel is now at $6.61 in Pennsylvania. The rising cost of diesel is expected to have an impact on prices across the board, especially for farmers and truck drivers. That could lead to higher prices at the grocery store according […] The post Diesel Prices Hit Record High appeared first on ButlerRadio.com - Butler, PA.
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Total News Sources533
Leaning Left41Leaning Right58Center185Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
15%
C 65%
R 20%
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