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Diesel Prices Surge Past 55 Cents in Two Weeks as Global Energy Markets Destabilize

Diesel prices have posted their largest weekly gain since the Iran War, climbing more than 55 cents per gallon over the past two weeks, according to the latest Department of Energy and Energy Information Administration data. The spike has pushed diesel to twice the price of Brent crude, reflecting severe imbalances in global energy markets. The unprecedented surge threatens the U.S. logistics industry at a critical juncture. Supply chain vulnerabilities are intensifying as hurricane season approaches and geopolitical tensions persist. The energy market disruption also affects natural gas and coal sectors. Carriers and shippers face mounting fuel surcharges and operational headwinds as the industry contends with cascading effects from the energy crisis.