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NBC News

U.S. diesel hits record $6.23 a gallon as Saudi pipeline shutdown sends oil higher

AI Market Summary
Brent and WTI spiked after Saudi Arabia shut a key East'West pipeline amid ongoing Persian Gulf shipping disruptions and delayed Hormuz talks. The surge is feeding directly into refined products, with U.S. diesel and gasoline reaching new highs, reinforcing near-term inflation sensitivity across transport and supply chains. Russia's diesel export ban and Ukraine-related refinery risks further tighten global distillate balances, amplifying energy-market stress.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT-0.41%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Oil prices surged on Monday after Saudi Arabia shut a key pipeline and talks on the future of the Strait of Hormuz were postponed. The U.S. national average price of diesel rose to a record $6.23 per gallon, up 75% so far this year. The national average price of unleaded regular gasoline climbed to $4.31 per gallon, up more than 45% since the Iran war began.
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