Sustained fighting in Iran has damaged refineries and raised fears over Strait of Hormuz closures, keeping oil prices elevated for nine months. The Center for American Progress estimates the war has cost US households at least $1,200, with Texas diesel prices up more than 80% year-over-year, prompting Governor Greg Abbott to declare a state of emergency. Democratic candidates including Gina Hinojosa and James Talarico are citing fuel costs to attack Republican rivals ahead of Tuesday's midterms.
wired.com
· 2026-10-30
In late summer, 16 freight companies filed for bankruptcy, citing soaring diesel prices as a key factor. These ranged from small single-vehicle operators to larger fleets, with some based in Texas and Florida. The spike in fuel costs has strained profit margins across the trucking industry, especially for smaller firms unable to pass costs onto customers.
thedrive.com
· 2026-10-06
Tesla has secured what is being described as the largest U.S. order for electric heavy-duty trucks to date, with shippers ordering 2,500 Tesla Semis. The purchase would roughly double the current number of Class 8 electric trucks operating on American roads.
fastcompany.com
· 2026-09-24
Diesel fuel prices in the United States have climbed to a record average of $6.53 per gallon, with some farm operators reporting a 77% jump in fueling costs for equipment like tractors. The spike has drawn widespread attention as a key driver of broader price pressures across the economy.
fastcompany.com
· 2026-09-23
AAA reported the national average diesel price reached $6.05 a gallon on Friday, up from $5.85 the prior week and $3.70 a year ago, as the conflict between the U.S. and Iran disrupts global fuel supplies. Regular gasoline also rose to $4.29 a gallon, tracking a jump in both Brent and U.S. crude oil above $100 a barrel for the first time in months.
fastcompany.com
· 2026-09-11
The national average price for diesel in the United States reached $6.05 per gallon on Friday, according to AAA, marking a more than 60% jump from $3.71 a year earlier. Gasoline also climbed to a national average of $4.29 a gallon, while California diesel prices hit $7.98 a gallon. GasBuddy data confirmed diesel had already exceeded the $6 threshold nationwide.
cbsnews.com
· 2026-09-11
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