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<title>Why Diesel Prices Are So High - Refining margins, not crude oil, account for most of the increase</title>
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<description>The U.S. average retail price of diesel was $5.97 per gallon the week of September 7, 2026, up $2.25 from its February average of $3.72, before the disruption in the Strait of Hormuz began. Crude oil accounts for 68 cents of that increase. The refining margin &#x26;#x2014; the gap between the wholesale price of diesel and the cost of the crude it is made from &#x26;#x2014; accounts for $1.71. The world is short of refined diesel rather than crude oil. Russia, once Europe&#x26;#x2019;s largest diesel supplier, has nearly stopped exporting refined products after Ukrainian attacks on its refineries and a...</description>
<author>Agricultural Economics</author>
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<pubDate>Mon, 28 Sep 2026 15:33:27 GMT</pubDate>
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