California Diesel Prices Reach $9.999 per Gallon as Global Supply Crunch Intensifies
Diesel fuel prices in California have surged to record levels, with some stations displaying a maximum price of $9.999 per gallon due to the global supply crunch. GasBuddy confirmed reports from San Diego suburbs where diesel hit this cap while the state's average reached $7.91 per gallon. Analysts warn that national U.S. diesel prices could rise further, with some stations potentially charging over $10 per gallon if allowed by software adjustments. The spike in fuel costs is driven by military tensions and supply disruptions in the Middle East, including attacks on Saudi oil infrastructure and closures of key shipping routes like the Strait of Hormuz. Global crude oil prices have also climbed to nearly $109 per barrel—the highest since May 2026—amid ongoing geopolitical instability. The situation is particularly concerning for sectors reliant on diesel fuel such as agriculture, which faces rising costs during its peak harvest season. Analysts predict continued upward pressure on both gasoline and diesel prices, with Americans now spending over $700 million more per day compared to last year.
Topics: diesel gasoline inflation supply_chain