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Diesel hits record $5.85/gallon as Hormuz tensions choke supply

CLAVE 1 / 4$5.85/gallon – new all-time high for US retail diesel, surpassing 2022 record by 3 cents.

CLAVE 2 / 4Price has climbed $2.10 since military action escalated in the Strait of Hormuz this March.

CLAVE 3 / 4Ukraine drone strikes on Russian refineries cut diesel output, tightening global middle distillate markets.

CLAVE 4 / 4US refineries running 'flat out' but unable to offset lost Russian and Middle East supply.

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