# Why US diesel prices hit a record: reserves, refinery outages, Russia strikes

Matt Wells of the Mid-West Truckers Association points to several causes of record US diesel: drawn-down fuel reserves, temporary shutdowns at two California refineries and a Joliet refinery, and Ukrainian strikes on Russian refineries. He expects the costs to pass through to farmers and consumers.

Published 2026-11-13 by the Feedsoft Markets Desk. Covers: DIESEL.

Video (41s): https://feedsoft.ai/media/social/148/facebook-4bf5555e36.mp4

## Transcript

- **US diesel prices hit a record** Diesel moves feed: trucks, tractors, grain hauling. Right now US diesel prices are at record highs.
- **Fuel reserves are drawn down** Stockpiles that usually cushion supply have been run down, says Matt Wells of the Mid-West Truckers Association.
- **Refineries went offline** Two California refineries and one in Joliet were temporarily shut. Ukrainian strikes also damaged Russian refineries.
- **Costs pass down the chain** Wells expects higher fuel costs to reach farmers and consumers. He doesn't foresee a quick decline.
- **What it means for feed buyers** Freight and farm operating costs rise with diesel. Watch delivered prices, not just the ingredient price.

Full analysis: https://feedsoft.ai/events/95280-perfect-storm-of-events-drives-diesel-prices-higher

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