{
  "id": 10458843,
  "title": "Diesel prices are surging putting further pressure on Europe. Ukraine is only part of the story.",
  "url": "https://urgent.news/2026/09/28/diesel-prices-are-surging-putting-further-pressure-on-europe-ukraine-10458843",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T10:35:00.000Z",
  "source": {
    "name": "DW Business",
    "slug": "dw-business",
    "url": "https://www.dw.com/en/diesel-prices-are-surging-putting-further-pressure-on-europe-ukraine-is-only-part-of-the-story/a-79390992?maca=en-rss-en-bus-2091-rdf"
  },
  "original_language": "en",
  "account": "Diesel prices are skyrocketing, amplifying economic pressures across Europe. While diesel is crucial for various industries and transportation, its price surge has far-reaching consequences. According to the US Energy Information Administration, the average price of a gallon of diesel has soared from $3.74 in 2022 to $6.52 in recent weeks. Russia, a major diesel supplier, has faced attacks on its refineries since 2022, reducing its production by nearly 30% compared to pre-war levels. In response, the US has considered banning diesel exports to protect domestic supplies, but industry experts believe such a move could have unintended negative effects. Europe, heavily reliant on diesel due to decades-old policy incentives, is particularly vulnerable to price fluctuations. The EU experiences an additional €40 billion in costs related to road diesel production since the war began, with diesel being the dominant fuel in passenger cars and road transport. The shortfall in diesel supply is primarily due to reduced refining capacity and disruptions in the Strait of Hormuz, rather than limited crude oil production. The situation could worsen with US export restrictions and potential retaliation from the EU, leading to even higher diesel prices across both regions.",
  "summary": "Trucks, farms and industry are powered with diesel. Now prices are soaring due to refinery disruptions, supply shortages and geopolitical tensions. A potential US export ban could make Europe's diesel crunch even worse.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Euromaidan Press",
        "title": "Ukraine hits two fuel depots in Krasnodar Krai in one night—both wholesale diesel and gasoline",
        "url": "https://urgent.news/2026/09/28/ukraine-hits-two-fuel-depots-in-krasnodar-krai-in-one-night-both",
        "published": "2026-09-28T08:34:58.000Z"
      },
      {
        "outlet": "DW English (Business)",
        "title": "Diesel prices are surging putting further pressure on Europe. Ukraine is only part of the story.",
        "url": "https://urgent.news/2026/09/28/diesel-prices-are-surging-putting-further-pressure-on-europe-ukraine",
        "published": "2026-09-28T10:35:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}