By Rishabh Mishra ,
51 minutes ago Shutterstock The national average price for diesel reached $6.51 per gallon on Monday. A commodity strategist stated the supply disruption has moved into a diesel market that “no handshake can refill.”
Record Prices Hit Harvest and Freight The U.S. average diesel price hit an all-time high of $6.5107 per gallon on Sept. 21, 2026, according to AAA data. According to economist Steve Hanke , the surge is increasing costs for the domestic agricultural and logistics sectors.
Hanke notes that farm fuel costs have risen by $11 per acre for corn and $7 per acre for soybeans compared to last year. The price spike is also placing independent trucking firms under the threat of diesel-driven bankruptcies.
Read Also: Chuck Grassley Asks Why Trump Doesn't Embargo Diesel Exports Like Presidents Did in the '70s: Prices Are 'Killing Farmers' Income'
Red Sea Diplomacy and Pipeline Closures The fuel rally follows weekend meetings in Muscat, Oman, between U.S. officials and Houthi representatives. According to a recent note by commodity strategist Giacomo Prandelli , the Houthis offered safe passage to U.S. and commercial vessels, but Saudi Arabian shipping remains a...