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US diesel averaged about $5.58 per gallon, near its all-time high, as a global refining squeeze tightens supply. Refinery outages in the Middle East, Russia and China have left the remaining capacity running near its limits.
Refining shortfalls keep diesel prices elevated relative to crude, raising the input and transport costs that flow into feed prices.
api.orgAug 18, 2026After 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
