Energy & Petrochemicals #diesel#prices
Why Global Diesel Prices Are Soaring: War, Hurricanes & Drone Attacks
Wholesale diesel prices have climbed to roughly $180 a barrel, with Gulf Oil's Tom Kloza warning that a US Gulf hurricane could push them past $200. Drone strikes on refineries in Russia, Saudi Arabia and Libya have tightened an already short global refining market, while record US distillate exports and EIA-linked fuel surcharges add to the strain, according to FreightWaves.
Aug 12, 2026 1 source