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macroSep 10, 2026, 11:44 PM

US Diesel Prices Top $6/Gallon for First Time

US diesel prices have hit a record above $6.00 per gallon, up 74% in nine months, with some states seeing over $8.00 as supply tightens and oil nears $105 per barrel.

US diesel prices crossed $6.00 per gallon for the first time in history, marking a 74% increase over the past nine months.

Some states are now seeing prices above $8.00 per gallon amid what is described as a massive supply shortage. US oil prices are near $105 per barrel as the Iran war continues to escalate.

Higher fuel costs are pushing inflation expectations upward.

Source: The Kobeissi Letter