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U.S. Diesel Prices Return to $5 a Gallon
Average U.S. diesel prices have reached $5 per gallon again. The increase follows renewed fighting in the Persian Gulf and reduced refinery capacity.
Jul 16, 4:36 AM·1m read2 sources
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U.S. diesel prices have returned to $5 a gallon, matching the level first reached in March. The New York Times reported that renewed fighting in the Persian Gulf and lower refinery output are driving the increase. Prices have risen 33 percent since the start of the Iran war.
Diesel first crossed the $5 threshold in March.
The same factors cited then—regional conflict and refinery constraints—are again affecting supply. The current rise follows a period in which prices had fallen below that mark.
Higher diesel costs affect trucking, agriculture, and construction sectors that rely on the fuel for daily operations. No government response or policy change has been announced in the reporting.
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CorroborationLimited · 2 sources
