U.S. diesel price jumps 34 cents to $5.13 amid Iran war

Published on 7/22/2026

U.S. diesel price jumps 34 cents to $5.13 amid Iran war

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The U.S. average price for diesel rose 34 cents last week to $5.13 per gallon, marking the largest weekly increase since March. This climb in diesel prices occurs amid ongoing issues stemming from the Iran war, with the U.S. energy sector showing increased vulnerability as refinery capacity hits 96.1%. The national average gas price also increased by 4.4% to $4.06 a gallon over the past week. For ordinary investors, rising fuel prices often translate to higher operational costs for many industries, potentially impacting overall economic performance.

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