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US diesel prices remain near record highs, up 70 percent since the US-Israeli war on Iran began, despite Trump's efforts to boost supply. The average price reached $6.28 a gallon, with conflicts in Iran and Ukraine causing a severe global fuel supply crunch.
High diesel costs raise freight and processing expenses across grain and feed supply chains, and crude strength feeds into energy-linked commodity prices.
investing.comOct 9, 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.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% 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.
