WASHINGTON (Diya TV) — U.S. diesel prices reached a record high Friday as global supply disruptions and strong seasonal demand tightened fuel markets.
The national average for diesel rose to $5.85 per gallon on Sept. 4, up from $5.78 a day earlier, according to AAA. The price surpassed the previous national record set in 2022.
Diesel prices have risen amid disruptions tied to renewed U.S.-Iran fighting, restrictions on shipping through the Strait of Hormuz and Ukrainian attacks on Russian oil refineries.
Russia, one of the world’s major fuel exporters, has restricted diesel and gasoline exports through Jan. 31, 2027, as refinery disruptions and domestic shortages affect production.
Seasonal demand is also adding pressure as agriculture and freight operations increase diesel use and colder weather approaches in the Northern Hemisphere.
Higher diesel prices can raise costs for trucking, agriculture, construction and other industries that rely heavily on the fuel. Those expenses can affect the cost of transporting food and other consumer goods.
U.S. diesel inventories remain tight despite increased refinery output, according to Reuters. East Coast stocks have fallen to historically low levels, adding pressure to the market.
President Donald Trump met with oil industry executives at the White House on Tuesday to discuss increasing U.S. refining capacity and lowering fuel prices. The meeting included discussion of permitting, regulatory changes and additional refinery investment.
U.S. refineries have been operating at high utilization rates, limiting how quickly additional fuel production can be added.
Diesel prices were about $3.71 per gallon a year ago, according to AAA, compared with $5.85 on Friday.
