Market brief · Economy & rates

Record Diesel Prices Raise Fears of Local Fuel Shortages

Even as U.S. diesel and gasoline prices soared in the wake of the U.S.-Israeli war with Iran, both fuels remained widely available, just more expensive. Now, a few station owners are saying they are out of diesel, though this appears to be an isolated problem for the moment. However, if the diesel and gasoline supply situation does not change, more and more stations may find themselves without one or both of these two crucial motor fuels. Proximity to supply is starting to matter more and more. For example, in Texas (where many refineries and oil…