# Perfect Storm of Events Drives Diesel Prices Higher

> Record US diesel prices are being driven by several overlapping factors, according to Matt Wells of the Mid-West Truckers Association. He cites drawn-down fuel reserves, the temporary shutdown of two California refineries and a Joliet refinery, and Ukrainian strikes that damaged Russian refineries. He expects higher fuel costs to pass through to farmers and consumers and does not foresee a quick decline in prices.

- Date: 2026-11-12 · published 2026-11-12T09:10:33.313Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/95280-perfect-storm-of-events-drives-diesel-prices-higher
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Refinery outages and depleted reserves tighten diesel supply, raising farm and freight operating costs and pressuring feed-buyer margins. Elevated diesel prices are likely to persist until refining and reserve capacity is rebuilt.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-04-28 | [Why diesel prices are driving up the cost of everything](https://feedsoft.ai/events/42030-why-diesel-prices-are-driving-up-the-cost-of-everything.md) | -3.1% | -16.2% |
| DIESEL | 2023-08-25 | [Oil futures up 1% to one-week high on soaring US diesel prices](https://feedsoft.ai/events/34772-oil-futures-up-1-to-one-week-high-on-soaring-us-diesel-prices.md) | -0.2% | +5.4% |
| DIESEL | 2018-08-26 | [Why Diesel Prices Are Set To Soar](https://feedsoft.ai/events/63722-why-diesel-prices-are-set-to-soar.md) | +1.8% | +3.9% |
| DIESEL | 2022-10-28 | [East Coast retail diesel prices moving significantly higher than overall US hikes - FreightWaves](https://feedsoft.ai/events/39315-east-coast-retail-diesel-prices-moving-significantly-higher-than-overall-us.md) | -4.2% | -25.3% |
| DIESEL | 2018-05-18 | [Here’s why diesel prices are aiming for record highs - MarketWatch](https://feedsoft.ai/events/65187-here-s-why-diesel-prices-are-aiming-for-record-highs-marketwatch.md) | -1.0% | -9.0% |

## Sources

- sfntoday.com: https://www.sfntoday.com/2026/11/12/perfect-storm-of-events-drives-diesel-prices-higher/

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