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      U.S. Diesel Prices Exceed $5 Amid Supply Constraints

      U.S. diesel futures have surpassed $5 per gallon for the first time since 2022, driven by supply disruptions in the Middle East and a ban on exports from Russia. This increase in futures prices is indicative of tightening global supplies, which has significant implications for the transportation sector.

      Retail diesel prices have reached a national average of $5.98 per gallon, with California experiencing even higher costs, averaging $7.91 per gallon. The rising prices are expected to contribute to increased transportation costs and fuel inflation, which could further strain consumers and influence monetary policy decisions by the Federal Reserve.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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