Diesel Hits Historic $6.51/Gal: Commodity Strategist Warns We Are Facing a Deficit That 'No Handshake' Can Refill
The national average price for diesel reached $6.51 per gallon on Monday. A commodity strategist stated the supply disruption has moved into a diesel market that “no handshake can refill.” Record Prices Hit Harvest and Freight The U.S. average diesel price hit an all-time high of $6.5107 per gallon on Sept. 21, 2026, according to AAA data. According to economist Steve Hanke, the surge is increasing costs for the domestic agricultural and logistics sectors. Hanke notes that farm fuel costs have risen by $11 per acre for corn and $7 per acre for soybeans compared to last year. The price spike is also placing independent trucking firms under the threat of diesel-driven bankruptcies. Record-high diesel prices are CRUSHING American farmers and truckers during harvest season. Farm fuel costs are up $11/acre for corn and $7/acre for soybeans from last year. DIESEL PRICES ARE ONE BIG REASON WHY FARMERS AND TRUCKERS ARE TURNING AGAINST TRUMP. pic.twitter.com/HXDgABDB4P — Steve Hanke (@steve_hanke) September 20, 2026 Read Also: Chuck Grassley Asks Why Trump Doesn't Embargo Diesel Exports Like Presidents Did in the '70s: Prices Are 'Killing Farmers' Income' Red Sea Diplomacy and Pipeline Clos
51 per gallon on Monday. S. 5107 per gallon on Sept. 21, 2026, according to AAA data.
According to economist Steve Hanke, the surge is increasing costs for the domestic agricultural and logistics sectors. Hanke notes that farm fuel costs have risen by $11 per acre for corn and $7 per acre for soybeans compared to last year. The price spike is also placing independent trucking firms under the threat of diesel-driven bankruptcies. Record-high diesel prices are CRUSHING American farmers and truckers during harvest season.
Farm fuel costs are up $11/acre for corn and $7/acre for soybeans from last year. DIESEL PRICES ARE ONE BIG REASON WHY FARMERS AND TRUCKERS ARE TURNING AGAINST TRUMP. S. officials and Houthi representatives.
S. and commercial vessels, but Saudi Arabian shipping remains an exception. Prandelli stated that Saudi Arabia’s crude oil export routes are currently compromised. He stated that traffic through the Strait of Hormuz dropped to four vessels on Monday, down from a pre-war average of roughly 125.
Additionally, the East-West Pipeline to Yanbu remains offline following a Sept. 10 drone attack. S. Energy Secretary Chris Wright expects the pipeline back in “days,” Prandelli wrote that trading estimates range up to 8 weeks.
” Consequently, European refiners like Poland’s ORLEN are tendering for alternative grades including Grane, Johan Sverdrup, and WTI Midland, according to his newsletter. Asian diesel margins have crossed $87 a barrel, and New York diesel futures settled at an all-time high. “The screen says the risk premium is negotiable,” Prandelli wrote. “The refinery gate says the shortage is not”.
60 per barrel, at the last check. 39% in premarket on Monday. 57% in Monday’s premarket trading. 76% year-to-date.
53% YTD. On Friday, the SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ), which track the S&P 500 and Nasdaq-100, respectively, closed higher. 45. 88.
61%. Read Also: Will Howie Buffett Keep Berkshire Ahead of the S&P 500? What Retail Investors Need to Know Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Photo courtesy: Shutterstock