Diesel surcharge benchmark smashes $6 barrier—what it means for shipping

The benchmark for most freight fuel surcharges in the US has shattered records, with retail diesel prices hitting an all-time high of $5.967 per gallon, just cents away from the psychological $6 barrier. The surge, driven by tightening global supplies and geopolitical tensions, threatens to inflate shipping costs across the maritime and logistics sectors. The latest figures from the Department of Energy (DOE) and Energy Information Administration (EIA), published on Wednesday but effective from Monday, show a 36.8-cent increase in the weekly average retail diesel price. This benchmark, used by…

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