Key Points U.S. diesel prices at the pump have surged 83% in 2026, and hit an all-time high on Sept. 22. Republican politicians, including President Donald Trump, have voiced support for a temporary ban on diesel exports from the U.S. The soaring price of diesel is not related to any domestic supply issues, as the U.S. refines far more of the fuel than the country needs. 10 stocks we like better than Vanguard World Fund - Vanguard Energy ETF › It often seems like Americans can't agree on anything these days, but most people would likely agree that fuel prices are too high. Sharply higher oil prices due to the Iran war's supply disruptions are causing everyone pain at the gas pump.
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