July 22, 2026

Diesel Prices Hit Record Highs Amid Iran Conflict

Diesel prices have surged to $5.13 per gallon, marking the biggest weekly increase since the conflict began.
The U.S. economy faces mounting pressures as high diesel prices are expected to further inflate the costs of goods and groceries.
U.S. refineries are operating at full capacity, struggling to meet demand as inventories remain low amid summer usage.