US diesel reportedly tops $6.50 a gallon for the first time · Digg

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US diesel reportedly tops $6.50 a gallon for the first time

Bloomberg describes a war-driven rally in US retail diesel prices that is rippling through the economy.

TLDR

Bloomberg reports that US retail diesel prices exceeded $6.50 a gallon for the first time. Coin Bureau, citing AAA, says the national average reached $6.505 on September 20, 2026, up from $6.20 a week earlier and $5.55 a month earlier. Coin Bureau warns that rising diesel costs could feed into higher freight costs, food prices and broader inflation.

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US diesel reportedly tops $6.50 a gallon for the first time

Bloomberg describes a war-driven rally in US retail diesel prices that is rippling through the economy.

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14 Sources, first seen 4d ago

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Bloomberg

US Diesel Tops Record $6.50 as Global Crunch Feeds Inflation

Bloomberg

Easing the Diesel Crunch Is Harder Than Keeping Planes in the Air

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Bloomberg

US Diesel Tops Record $6.50 as Global Crunch Feeds Inflation

Bloomberg

Easing the Diesel Crunch Is Harder Than Keeping Planes in the Air

4d ago

first seen 4d ago

Combined views

397K

14 Sources, first seen 4d ago

2K likes226 comments99 saves352 reposts

4d ago

first seen 4d ago

TLDR

Bloomberg reports that US retail diesel prices exceeded $6.50 a gallon for the first time. Coin Bureau, citing AAA, says the national average reached $6.505 on September 20, 2026, up from $6.20 a week earlier and $5.55 a month earlier. Coin Bureau warns that rising diesel costs could feed into higher freight costs, food prices and broader inflation.

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226 comments

99 saves

352 reposts

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Positive14.9%85.1%Negative

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Bloomberg

US Diesel Tops Record $6.50 as Global Crunch Feeds Inflation

Sentiment

Positive14.9%85.1%Negative

Many accounts criticized US diesel prices hitting a record $6.50 a gallon as driving unaffordable costs for freight, food, and consumers amid war-driven fuel spikes and inflation.

Based on 77 sentiment-bearing replies from 72 accounts across 5 conversations.

Bloomberg

Easing the Diesel Crunch Is Harder Than Keeping Planes in the Air

Summary

Many accounts criticized US diesel prices hitting a record $6.50 a gallon as driving unaffordable costs for freight, food, and consumers amid war-driven fuel spikes and inflation.

Based on 77 sentiment-bearing replies from 72 accounts across 5 conversations.

Useful Links

Bloomberg

US Diesel Tops Record $6.50 as Global Crunch Feeds Inflation

Bloomberg

Easing the Diesel Crunch Is Harder Than Keeping Planes in the Air

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14 Sources

@TheNewRevolut12The globalists who brought us Covid to destroy Trump are now trying to destroy the energy markets to rise the price of oil and therefore everything else to destroy Trump before the midterms. Long read but very interesting 🧵 Diesel hit $6.05 per gallon yesterday. The highest price ever recorded in the history of the United States. It set all time records in 28 states simultaneously. In California the average is $7.98. Five California stations ran out of room on their price boards and are displaying $9.999, the highest number their machines can physically show. Americans are spending $700 million more per day on gas and diesel than they did a year ago. And right on schedule, the argument has started. One side says it is Trump's fault because of the war with Iran. The other side says it has nothing to do with Trump. Both sides are missing the actual story. And I think that is by design. The war with Iran is real. The Strait of Hormuz is constrained. Fuel exports are disrupted. That is a factor. But if you stop there you will never understand why $6 diesel is happening now when crude oil is not even close to its all time high. Crude oil hit $100 per barrel this week. That sounds like a lot until you adjust for inflation. In 2008, crude hit $147 per barrel. Adjusted to today's dollars that is over $210. In 1980 during the Iranian Revolution, crude hit $36 per barrel. Adjusted to today's dollars that is over $160. The current price of crude is well below both of those peaks in real terms. But diesel was never $6 during those crises. Not in 1980. Not in 2008. Not ever. The barrel price does not explain $6 diesel. Something else does. And that something else is the part nobody in Washington wants to talk about. Between 2020 and 2026, 11 major U.S. oil refineries permanently closed or stopped refining crude oil. Not temporarily shut down. Permanently gone. The combined capacity lost is approximately 1.72 million barrels per day gross, roughly 900,000 barrels per day net after accounting for some expansions at remaining facilities. These were not small operations. Philadelphia Energy Solutions in Pennsylvania, 335,000 barrels per day. Shell Convent in Louisiana, 211,146 barrels per day. Phillips 66 Alliance in Belle Chasse, Louisiana, 255,000 barrels per day. Marathon Petroleum in Martinez, California, 161,000 barrels per day. LyondellBasell in Houston, 263,776 barrels per day. Phillips 66 in Los Angeles, 138,700 barrels per day. Valero in Benicia, California, 145,000 barrels per day. And several more. U.S. refining capacity went from a record high of 18.98 million barrels per day at the start of 2020 to approximately 17.9 million by early 2022. The lowest level since 2014. It has continued declining since. The Energy Information Administration said it plainly. "Typically, we don't see capacity close and then reopen in the same operating mode, so we think it's safe to say that the refineries that have closed are probably shuttered for good." These companies did not lose these refineries in a fire or a hurricane and never recover. They made a business decision. Demand dropped during COVID. Margins tightened. And instead of weathering the downturn and maintaining capacity for the recovery that everyone knew was coming, they permanently closed facilities, removed the capacity from the market forever, and waited. When demand came roaring back in 2021 and 2022, the capacity was gone. Fewer refineries processing crude into fuel meant less supply of diesel and gasoline. Less supply meant higher prices. Higher prices meant wider margins. And wider margins meant the largest profits in the history of the refining industry.

@TheWorldEye_BREAKING: US diesel prices reach an unprecedented high of $6.50 per gallon amid tightening global supplies. How will this impact inflation? #Energy #Economy #US

@businessUS retail diesel prices topped $6.50 a gallon for the first time, extending a war-driven rally that’s rippling through the economy https://www.bloomberg.com/news/articles/2026-09-21/us-diesel-tops-6-50-a-gallon-as-wars-worsen-global-fuels-crunch?taid=6ab07e14bdab480001610c70&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter

@Cointelegraph🚨 JUST IN: US diesel topped $6.50 a gallon for the first time, hitting $6.505 nationwide as war-driven fuel costs ripple through the economy, per Bloomberg.

@coinbureau🇺🇸 BREAKING: U.S. diesel prices smash $6.50 for the FIRST TIME EVER as the war-driven fuel shock hits the economy. AAA’s national average surged to a record $6.505 per gallon on Sept. 20, up from $6.20 a week ago and $5.55 a month ago. Diesel powers America’s trucking, farming and industrial economy, meaning the record surge could quickly feed into higher freight costs, food prices and broader inflation.

@BullTheoryioBREAKING: S&P 500 futures up +0.36% and Nasdaq 100 futures up +0.6% as oil drops below $94. US futures and global markets are trading in the green despite reports of further escalation in US-Iran war. South Korea's KOSPI is up +1.5% and reclaimed 7,000 level. China's SSE is up +0.4%, while Taiwan is up +0.5%. Saudi Arabia's oil exports have started recovering, with September shipments reportedly rising above 4 million barrels per day, up from just 2.4 million in August. Lower oil prices could reduce pressure on inflation, bond yields and expectations for further rate hikes. Trump-Xi talks this week could boost US and China trade sentiment and support global markets. At the same time, Markets also waiting for Trump’s response after Iran sent its negotiation terms through Qatar last week.

@MarioNawfal🇺🇸 U.S. diesel just hit an all-time record of $6.50 a gallon, and the rest of the world is about to feel it. It's jumped more than 80 cents in September alone, blowing past the 2022 record set after Russia invaded Ukraine. Fighting around Hormuz is choking shipments by sea, and Ukraine's strikes on Russian refineries have knocked out a chunk of exports, right as trucking and harvest season pick up. Diesel moves the trucks, ships and tractors that carry food and goods everywhere, so freight costs, import prices and inflation are next in line well beyond the U.S. When even the world’s biggest oil producer is paying record prices at the pump, countries that import every drop are looking at a rough few months ahead. Source: @Barchart / Writer: Daniyal

@AFP⛽ Prices at the pump for diesel and other fuels are hitting fresh highs as the wars and the Middle East and Ukraine have not only choked off crude supplies, but also damaged refineries, with the resulting capacity constraints increasingly being felt. ➡️ https://u.afp.com/SjyX

@ReutersBreakingviews - COMMENTARY: Diesel could be the tipping point for US economy https://reut.rs/3UVB563 https://reut.rs/3UVB563

@BusinessInsiderForget about high gas prices. It's record-breaking diesel that could be the real problem for the US economy. https://bit.ly/46EUw5x