Oil Is Flowing Again But Gasoline, Diesel Prices Aren’t Cooperating
Record-high diesel prices persist as global refinery bottlenecks and war-related supply disruptions limit the impact of White House supply measures.
- On Thursday, average US diesel prices reached $6.28 a gallon, prompting President Donald Trump to press allies for emergency reserves and authorize tax-exempt red-dyed diesel to boost supplies.
- Global fuel supply crunches caused by wars in Iran and Ukraine have driven US diesel prices up 70% since the US-Israeli conflict began, creating an exceptionally tight market for refined products.
- While the White House allows red-dyed diesel on highways to waive the 24.4-cent federal tax, industry leaders like Summa Energy president John Tirado call the plan a "Band-Aid" due to logistical hurdles.
- The administration touted a G7 agreement to release 100 million barrels of oil, though critics argue it merely covers previous commitments, as high prices pressure President Donald Trump's record-low 32% approval rating.
- Rapidan Energy Group president Bob McNally described these measures as short-term steps providing "probably a few weeks of relief," noting only a durable end to conflicts can fix the fundamental global supply problem.
54 Articles
54 Articles
Record U.S. Crude Output Fails To Fix Deepening Diesel Supply Crisis
America is pumping crude at an unprecedented rate, with U.S. production on track to hit a record 13.8 million barrels per day in 2026. Yet despite this historic output milestone, diesel supplies remain dangerously tight, exposing a structural weakness in the domestic energy system. The U.S. Energy Information Administration expects distillate stocks to fall below […]
Montana Standard
Diesel cost high despite moves to boost supplies
WASHINGTON — U.S. diesel prices remain at near-record highs, up 70% since the U.S.-Israeli war on Iran began despite two recent moves by President Donald Trump to boost supplies: pressuring allies to release emergency reserves and expanding access to tax-exempt…
Why Record Crude Output Can’t Solve America’s Diesel Crisis
The United States is producing more crude oil than ever. According to the Energy Information Administration, U.S. crude production is on track to average a record 13.8 million barrels per day in 2026, surpassing the previous record set last year. Yet diesel prices recently climbed to record highs, while distillate inventories remain unusually low. The EIA expects those inventories to stay below the five-year range through much of 2027, with sto…
Trump’s moves to boost diesel supplies have not yet lowered prices
U.S. diesel prices remain at near record highs, up 70% since the U.S.-Israeli war on Iran began despite two high-profile recent moves by President Donald Trump to boost supplies of the fuel: pressuring allies to release emergency reserves and expanding access to tax-exempt red-dyed diesel.
US diesel prices remain high despite Trump's moves to boost supplies
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