diesel prices News Updates

One of the biggest impacts on the industry from the war is higher transportation costs. The cost of retail diesel touched record seasonal levels in mid-April.

California’s fuel watchdog has issued subpoenas to gasoline stations across the state that are charging anomalously high prices.

National average diesel prices sat at $5.65 a gallon on April 13, more than 60 cents above their previous high-water mark for this time, set in 2022.

Soaring fuel prices from the Iran war are forcing oil traders into longer, stranger journeys, sending cargoes on routes that would normally make little sense.

U.S. oil prices ended March 30 above $100 a barrel for the first time since the U.S. and Israel launched a war against Iran.

Trump administration officials are examining what a potential spike in oil prices as high as $200 a barrel would mean for the economy, according to sources.

USPS will impose a surcharge to offset rising fuel costs, sources said, a sign that the beleaguered mail carrier is feeling the strain of higher oil prices.

The average cost for a gallon of diesel in California rose to the highest level ever as the war in Iran disrupts global energy shipments. 

Georgia Gov. Brian Kemp signed a law March 20 to suspend for 60 days motor fuel taxes to help residents cope with rising pump prices.

The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide.