US Diesel Sets All-Time High as War Fuel Bill Hits $97.5 Billion

NewsFri, 04 Sep 2026 06:47:09 UTC6 hours ago

US diesel prices set an all-time high of $5.820 per gallon on Thursday, according to live GasBuddy data.

The previous record of $5.819 dated back to June 17, 2022. The record arrives as US distillate inventories are at their lowest seasonal level ever.

Diesel Tops 2022 All-Time High

Patrick De Haan, head of petroleum analysis at GasBuddy, posted the new high on X. He recently said 2026 is on track to become the most expensive year for diesel in US history.

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BREAKING: according to GasBuddy data, the live U.S. national average price of diesel has set a new record: $5.820/gal, surpassing the previous daily $5.819/gal all-time high that occurred June 17, 2022. (9/3/26 3:25pm ET)
- Patrick De Haan (@GasBuddyGuy) September 3, 2026

The price surge arrives amid thin stockpiles. EIA data showed that distillate stocks were about 14% below the five-year average in the week ending August 28, 2026.

The stocks averaged their weakest August levels this time of the year since 1982. In addition, East Coast inventories have fallen to a record low.

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US Diesel Sets All-Time High as War Fuel Bill Hits $97.5 Billion

Diesel Tops 2022 All-Time High

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