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The national average diesel price was $6.13 a gallon in the week of November 9, up about 63% from a year earlier, according to the EIA. Diesel has climbed since the US conflict with Iran began in late February, peaking at $6.53 in late September.
Independent truckers say fuel costs now consume much of their income.
Sustained high diesel prices raise freight and logistics costs for feed deliveries and may push some owner-operators out of service, tightening trucking capacity. The price pressure is driven by the Middle East conflict.
freightwire.newsHannah SutterNov 11, 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.
