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Diesel Tops $5

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Diesel Tops $5

B
Benzinga

26 Views • Mar 18, 2026

Description

Diesel prices hit $5.04/gallon nationally — the first time above $5 since December 2022 — surging from $3.65 just a month ago as Iran's Strait of Hormuz blockade drives crude higher. Higher diesel costs ripple across freight, farming, and consumer goods, adding fresh inflationary pressure to the economy.