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US Diesel Prices Hit $6 a Gallon, Straining Hauling Industry
Confirmed
In Short: Diesel prices in the U.S. have surged to $6 a gallon, straining the hauling industry and potentially leading to higher costs for everyday goods.
Diesel prices in the U.S. have reached $6 a gallon, marking a significant increase from the $3.76 per gallon average before the U.S. and Israel launched their war against Iran in late February.
This rise is particularly challenging for the hauling industry, as higher fuel costs translate to increased expenses for transporting goods, especially those that require refrigeration, according to David Ortega, a professor of food economics and policy at Michigan State University.
Trump also noted that oil prices are unlikely to decrease until after the November midterm elections, potentially prolonging the impact of higher diesel prices on the economy and everyday goods.
What's confirmed
- Diesel prices in the U.S. have reached $6 a gallon, marking a significant increase from the $3.76 per gallon average before the U.S. and Israel launched their war against Iran in late February.
- This rise is particularly challenging for the hauling industry, as higher fuel costs translate to increased expenses for transporting goods, especially those that require refrigeration, according to David Ortega, a professor of food economics and policy at Michigan State University.
- Trump also noted that oil prices are unlikely to decrease until after the November midterm elections, potentially prolonging the impact of higher diesel prices on the economy and everyday goods.
What's still developing
- "If the Republicans win, as they said, it's $5,000 [for] all adults in the country," Trump said.
- Paying $5,000 to roughly 240 million adult citizens would cost about $1.2 trillion.
- Vice President JD Vance pointed to tariff revenue after Trump's announcement as one source of money for the proposal.
- He also suggested wealthy Americans could be excluded, which would lower the total cost.
- The White House has not released specific eligibility rules or a detailed plan for funding the payments.
- The proposal would also require congressional approval before checks could be issued.
- President Donald Trump, who has repeatedly tried to downplay the effects of the Iran war, said that oil prices likely won't come down until after November's midterm elections.
- Ahead of the 2008 financial crisis, for example, diesel hit about $4.74 a gallon, equivalent to $7.20 in 2026, according to the government's latest data.