{
  "id": 3298355,
  "title": "Benchmark diesel price is now highest since war began",
  "url": "https://urgent.news/2026/08/25/benchmark-diesel-price-is-now-highest-since-war-began",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-25T15:39:29.000Z",
  "source": {
    "name": "FreightWaves",
    "slug": "freightwaves",
    "url": "https://www.freightwaves.com/news/benchmark-diesel-price-is-now-highest-since-war-began"
  },
  "original_language": "en",
  "account": "The benchmark diesel price has reached its highest level since the war against Iran began in early March. According to the Department of Energy/Energy Information Administration, the average weekly retail diesel price increased by 19.8 cents per gallon to $5.652 per gallon, effective Monday but published on Tuesday. This marks a 39.5 cent increase in the last two weeks. However, ultra low sulfur diesel (ULSD) on the CMD commodity exchange has declined by 22.72 cents per gallon, falling to $4.2677 per gallon. The high settlement during the price runup was observed on Friday, with a settlement just under $4.50 per gallon, nearing the March 20 settlement of $4.6084 per gallon, which was the highest since military action against Iran commenced. The downward trend in prices is attributed to U.S. Treasury Secretary Scott Bessent stating that the Trump administration will focus more on economic pressure on Iran rather than renewed military action. Despite this, the diesel market has shown strength at the retail level, with AAA's average daily gasoline price remaining relatively unchanged at $4.0969 per gallon, while diesel prices have increased from $5.2778 per gallon a month ago to $5.6199 per gallon on Tuesday. Factors contributing to the bullish diesel market include attacks on Ukrainian refineries, the limited availability of Middle East crudes that produce high quantities of diesel, and reduced demand for gasoline due to the growing adoption of electric vehicles worldwide.",
  "summary": "The benchmark diesel price used for most fuel surcharges hit a significant milestone this week. The post Benchmark diesel price is now highest since war began appeared first on FreightWaves .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}