# Inside the Global Squeeze on Diesel | American Petroleum Institute | API

> 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.

- Date: 2026-08-18 · published 2026-08-18T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/18070-inside-the-global-squeeze-on-diesel-american-petroleum-institute-api
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Refining shortfalls keep diesel prices elevated relative to crude, raising the input and transport costs that flow into feed prices.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-03-08 | [Global diesel prices soar as bans on Russian supplies add to tightness](https://feedsoft.ai/events/4724-global-diesel-prices-soar-as-bans-on-russian-supplies-add-to-tightness.md) | -17.0% | -7.9% |
| DIESEL | 2023-09-13 | [Global diesel shortage boosts prices](https://feedsoft.ai/events/34293-global-diesel-shortage-boosts-prices.md) | +1.6% | -8.8% |
| DIESEL | 2026-03-02 | [European diesel jumps over $100/mt amid Middle East tensions \| S&P Global](https://feedsoft.ai/events/5532-european-diesel-jumps-over-100-mt-amid-middle-east-tensions-s-and-p-global.md) | +36.4% | +69.9% |
| DIESEL | 2022-03-24 | [Global diesel shortage pushes oil prices higher](https://feedsoft.ai/events/5943-global-diesel-shortage-pushes-oil-prices-higher.md) | -8.3% | -4.7% |
| DIESEL | 2026-03-02 | [Diesel and Gasoline Prices Rise on Iran Strikes - TT](https://feedsoft.ai/events/8776-diesel-and-gasoline-prices-rise-on-iran-strikes-tt.md) | +36.4% | +69.9% |

## Sources

- api.org: https://www.api.org/news-policy-and-issues/news/2026/08/26/inside-the-global-squeeze-on-diesel

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.