The price of diesel fuel in America has topped $6 U.S. a gallon for the first time.
Diesel prices have hit an all-time high as Brent crude oil, the international standard, trades around $105 U.S. a barrel.
West Texas Intermediate (WTI) crude oil, the U.S. standard, rose above $100 U.S. a barrel on Sept. 10 for the first time since May of this year.
Prices for crude oil and related fuels such as diesel continue to rise amid escalating military strikes in the Middle East between the U.S. and Iran.
The average price of diesel fuel across America rose slightly above $6 U.S. a gallon late on Sept. 10, according to data from the retail website GasBuddy.
The previous record high for diesel’s price was $5.85 U.S., set a week ago. This time in 2025, diesel in the U.S. cost an average of $3.70 U.S. per gallon.
The rising cost of diesel is pressuring industries such as rail, agriculture, truck transport, and construction that rely on the fuel to power their vehicles and equipment.
While the stocks of oil majors such as Chevron (CVX) have been rising alongside crude oil prices, other stocks have been pressured by the increase in diesel costs.
The stock of trucking and logistics firm Old Dominion Freight Line (ODFL), for example, is down 14% over the past month.
Wall Street investment bank Goldman Sachs (GS) recently warned that crude oil prices could reach $120 U.S. a barrel if the fighting in the Middle East intensifies.
Related Stories
