The Trump administration is currently reviewing options to lower diesel prices, which hit a record national average of $6.53 per gallon late last month. In California, costs reached a historic high of $8.44 per gallon due to higher taxes and tighter local supplies. The administration stated that the cost of diesel directly impacts the pricing of groceries and gadgets moved by semitrucks.
Wednesday, October 21, 2026
Story
Hormuz Crude Exports Hit 18.3 Million BPD But Diesel Lags
Commodities14 days ago
Tankers are again ferrying crude oil out of the Middle East at volumes that resemble levels seen before the conflict with Iran. Regional exports via the Strait of Hormuz averaged 18.3 million barrels a day by the end of September and exceeded prewar levels on 14 separate days that month, though maritime experts note that shipments of refined products like diesel have failed to recover. Shipments of crude oil have resumed despite an increase in tanker attacks, as regional operators develop alternative routes to bypass Iranian efforts to weaponize the waterway.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.