Diesel prices in the U.S. have exceeded $6 per gallon for the first time in history

On September 11, diesel prices in the U.S. exceeded $6 per gallon for the first time in history: disruptions in fuel supplies due to the wars in Ukraine and Iran are driving up transportation costs across the entire economy, according to CNBC.

This refers to the national average price, while in California—the largest agricultural state—the price of diesel fuel has nearly reached $8 per gallon. According to the American Automobile Association, truck drivers and farmers are now paying about 63% more to fill up their trucks and tractors than they did a year ago. Diesel fuel is the true “lifeblood” of the U.S. economy, said Bob McNally, president of Rapidan Energy, in an interview with CNBC.

Diesel prices are rising in the wake of a sharp increase in oil prices amid significantly heightened tensions in the Middle East: the escalation of hostilities between the U.S. and Iran and the intensified activities of the Tehran-backed Houthis in Yemen against Saudi Arabia. On Thursday, U.S. crude oil futures exceeded $100 per barrel for the first time since May, while the price of the benchmark Brent crude reached $108.

This news story is being updated.

This article was AI-translated and verified by a human editor