Decline in Diesel Prices in the United States After a Wave of Increases Linked to the Iran War

Al-Taj News – The average price of diesel in the United States fell to below $6 a gallon on Saturday for the first time in two months, as geopolitical tensions subsided and seasonal demand dropped, easing pressures on fuel markets after record increases.

The national average retail price for diesel reached $5.998 a gallon, according to data from the fuel price tracking service “GasBuddy”, after crossing the $6 barrier on September 10 and continuing to rise until it recorded $6.519 on the 22nd of the same month.

Diesel prices had risen due to the disruption of oil supplies associated with the US-Israeli war on Iran, alongside frequent Ukrainian attacks on Russian refineries, which affected production levels.

In California, where limited refining capacity and strict fuel specifications constrain supplies, diesel prices briefly exceeded $10 a gallon.

High diesel costs, which constitute a key element in transportation and shipping expenses, caused increased inflationary pressures, impacting consumers, farmers, and businesses.