--- title: "Diesel prices surge as Iran war strains global supply" type: "News" locale: "en" url: "https://longbridge.com/en/news/286940403.md" description: "U.S. retail diesel prices have surged to over $5.60 per gallon, with California exceeding $7.41, due to global supply disruptions from the Iran war. This conflict has reduced Middle East oil flows and global reserves by 250 million barrels, pushing Brent crude prices above $109 per barrel. The high fuel costs are impacting transport, farming, and manufacturing sectors, while increasing interest in electric vehicles." datetime: "2026-05-19T15:39:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286940403.md) - [en](https://longbridge.com/en/news/286940403.md) - [zh-HK](https://longbridge.com/zh-HK/news/286940403.md) --- # Diesel prices surge as Iran war strains global supply Record diesel costs: U.S. retail diesel averages above $5.60 per gallon, with California topping $7.41, as global supply disruptions persist. Conflict-driven surge: Iran war has slowed Middle East oil flows, cut global reserves by 250 million barrels, and sent Brent crude over $109 per barrel. Economic ripple effects: High fuel prices are squeezing transport, farming, and manufacturing, and boosting interest in electric vehicles. ### Related Stocks - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) ## Related News & Research - [Capital Economics sees oil at $150 per barrel through 2027 in an extreme case](https://longbridge.com/en/news/286549728.md) - [Citi bull case Brent hitting $150 near term as oil markets under-price disruption risk](https://longbridge.com/en/news/286992430.md) - [Record oil draw from US emergency reserve drives total volumes to two-year low](https://longbridge.com/en/news/286821970.md) - [Federal probes eye $1.7B oil trade before Iran war news](https://longbridge.com/en/news/286150222.md) - [IEA chief Birol: commercial oil inventories depleting rapidly, only weeks left](https://longbridge.com/en/news/286746172.md)