# Fuel prices may remain higher for longer

> The article says diesel refining margins have surged to more than $95 per barrel, compared with a long-term average of $9, as refining disruptions intensified after the Iran war began. It also cites Brent near $100 per barrel and higher freight and insurance costs as factors adding to fuel prices.

- Date: 2026-11-09 · published 2026-11-09T06:09:11.417Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/88778-fuel-prices-may-remain-higher-for-longer
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Tighter refined-product supply and higher transport and insurance costs lift the cost of diesel independently of crude prices. This raises fuel and freight expenses for agricultural supply chains, supporting diesel prices.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-10-09 | [US diesel prices remain high despite Trump’s moves to boost supplies By Reuters](https://feedsoft.ai/events/637-us-diesel-prices-remain-high-despite-trump-s-moves-to-boost-supplies-by-reuters.md) | -1.2% | -7.9% |
| DIESEL | 2024-03-25 | [NY Harbor diesel prices reach multi-year highs \| Latest Market News](https://feedsoft.ai/events/31384-ny-harbor-diesel-prices-reach-multi-year-highs-latest-market-news.md) | -0.9% | -3.5% |
| 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 | 2026-03-19 | [Prices for oil, fuel cargoes smash record highs as Iran war chokes Middle East supply \| Reuters](https://feedsoft.ai/events/6637-prices-for-oil-fuel-cargoes-smash-record-highs-as-iran-war-chokes-middle-east.md) | -6.3% | -10.9% |
| DIESEL | 2026-03-27 | [South African public sector union calls for remote work over looming fuel price hikes - CNBC Africa](https://feedsoft.ai/events/20461-south-african-public-sector-union-calls-for-remote-work-over-looming-fuel-price.md) | +3.6% | -7.6% |
| BRENT | 2019-09-20 | [Ringgit higher at opening, tracking higher crude oil prices \| Malay Mail](https://feedsoft.ai/events/57342-ringgit-higher-at-opening-tracking-higher-crude-oil-prices-malay-mail.md) | -3.0% | -7.3% |
| BRENT | 2026-07-31 | [Oil prices settle more than 1% higher, log strongest month since March \| Reuters](https://feedsoft.ai/events/18519-oil-prices-settle-more-than-1-higher-log-strongest-month-since-march-reuters.md) | -4.9% | -0.6% |
| BRENT | 2018-07-02 | [What higher oil prices mean for OPEC and the U.S. \| Brookings](https://feedsoft.ai/events/63956-what-higher-oil-prices-mean-for-opec-and-the-u-s-brookings.md) | -3.1% | -4.9% |

## Sources

- za.headtopics.com: https://za.headtopics.com/news/fuel-prices-may-remain-higher-for-longer-89675281

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