Thursday - August 27, 2026
American Petroleum Institute: Inside the Global Squeeze on Diesel
August 27, 2026
WASHINGTON, Aug. 27 -- The American Petroleum Institute posted the following statement on Aug. 26, 2026:

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Inside the Global Squeeze on Diesel

When people talk about "the price at the pump," they usually mean gasoline. But the green handle at the gas station is telling us an important story about the economy, too.

The U.S. average price of diesel hit $5.58 per gallon last week, close to its all-time record. What's putting so . . .

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