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Diesel prices hit record $6.20, threatening GOP's midterm affordability message amid global supply disruptions.

Market News
13 Sep 2026
Fox Business
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Bearish
Diesel prices hit record $6.20, threatening GOP's midterm affordability message amid global supply disruptions.

Diesel prices in the U.S. have surged to a record $6.20 per gallon, driven by disruptions in global supply chains including tensions in the Strait of Hormuz, Ukrainian strikes on Russian energy infrastructure, and Russian export restrictions. Diesel is crucial for the U.S. economy as it powers transportation and agriculture, so rising costs could increase prices of everyday goods. This surge complicates the GOP's campaign on affordability ahead of the November midterm elections, despite President Trump's promise to lower energy costs after the election. The White House has yet to comment on the issue.

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