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The EIA reported that the national average on-highway diesel price rose 18 cents to $5.313 per gallon, with gasoline up 10 cents to $4.096. Houthi attacks on Saudi exports in the Red Sea, along with Iran war disruptions, are cited as drivers of the rise.
Higher diesel prices raise carrier costs and fuel surcharges, which feed through to delivered feed and grain freight rates. The Red Sea disruption also adds risk to crude and product flows.
fleetowner.comJeremy WolfeJul 29, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
