West Coast Struggles with Record Diesel Prices Amid Supply Constraints
Diesel prices reached nearly $6.45 per gallon on September 18, 2026, driven by high oil prices above $100 a barrel and tightening supply conditions across the U.S. New Jersey and Maine recently hit all-time diesel price highs, bringing the total to 44 states with record levels. The West Coast is particularly affected due to higher taxes, limited refining capacity, and reliance on imports, pushing local diesel prices beyond $8 per gallon. The national average could soon surpass the inflation-adjusted peak of $6.58 from 2022 if current trends continue. Meanwhile, gasoline averaged around $4.46 per gallon in early September, slightly below its May high linked to U.S.-Iran tensions. The Trump administration introduced a temporary waiver allowing truck drivers more operating hours to address supply and cost concerns. Trucking companies like J.B. Hunt (JBHT) are feeling the strain as rising diesel prices threaten earnings. Analysts warn that surcharges have not kept pace with fuel costs, potentially leading to lower profits for transport firms.
Tickers: $JBHT
Topics: Diesel prices Oil market Regulatory changes Transportation costs