U.S. average diesel price tops $6 a gallon for the first time, GasBuddy says
AI Market Summary
U.S. diesel prices topping $6/gal signal acute middle-distillate tightness as Iran-related escalation and strikes on Russian refineries constrain supply. Inventories are 13% below the five-year average, reinforcing elevated refining margins and supporting crude benchmarks, with Brent and WTI back above $100. The shock raises near-term inflation sensitivity via freight and industrial costs, increasing macro volatility across energy-linked risk assets.
Impact level
● High
Affected assets
NCCO1OILWTI2USD/USDT+5.45%
AI Insight · NCCO1OILWTI2USD/USDTAI Insight
▲ Bullish
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The U.S. national average diesel price on Thursday rose above $6 a gallon for the first time, setting a record high. Supply has tightened amid escalating geopolitical conflict, including the U.S.-Israeli war on Iran and Ukrainian attacks on Russia’s refineries. Diesel inventories are 13% below the five-year average at 106.3 million barrels, while Brent settled at $107.63 and WTI at $102.48, both the highest since mid-May.
