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Macro Finance

US Diesel Tops $6.50 a Gallon as Wars Worsen Global Crunch

Bloomberg Markets·September 21, 2026·1 min read

US retail diesel prices topped $6.50 a gallon for the first time, extending a war-driven rally that's rippling through the economy. The surge stems from ongoing conflicts disrupting global supply, raising costs for trucking, farming, and heating. Higher diesel prices are expected to push up consumer goods prices nationwide, as transportation expenses account for a significant share of retail costs.

Read at Bloomberg Markets
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