Diesel Hits $6.35 a Gallon as Fuel Executives See No Relief Before Spring 2027
EIA showed an 8-cent weekly rise. At a Jacksonville summit, fuel executives warned of elevated diesel through at least spring.
Key facts
EIA data released Oct. 27 put the U.S. average diesel price at $6.352 a gallon, up 8 cents on the week and $2.634 above a year ago.
AAA listed $6.334 on Oct. 29, according to Land Line.
The biggest weekly regional rise was in the Midwest, $6.480 (up 13 cents). The West Coast was the most expensive at $7.329.
FreightWaves reports that at the WEX OTR Summit in Jacksonville, fuel executives warned diesel could stay elevated through at least spring 2027, even if crude retreats.
Reasons cited, per FreightWaves: geopolitical conflicts (Iran, Russia's war in Ukraine), refinery limits (about 128 operating vs. over 300 in 1980) and refineries running above 95% of capacity.