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EN590 Commodities GroupEN590 / Diesel 2026-09-04T16:01:35+00:00
US diesel prices raced up to an all-time high on Friday, crossing into new heights as wars in Iran and Russia-Ukraine keep structural pressure on an already tight market for the world's "workhouse fuel." Prices on Friday climbed to $5.85 per gallon in the retail diesel market,per data from AAA, well surpassing the previous all-time high of $5.816 set in June 2022, months after the Russian invasion of Ukraine that kickstarted a major energy crunch in Europe. Diesel is a critical fuel for the global economy, underpinning the world's goods trade — from 18-wheelers driving products across the country to the fleet of cargo vessels that underpin the marine shipping market. The diesel market is now facing two major stressors that are keeping an already crunched market tight. The US conflict in Ir
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25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.