Graph and headline: New York Times, 9/4/2026
Gregory Schmidt reports:
The national average price of a gallon of diesel reached $5.85 per gallon, according to the AAA motor club, up more than 55 percent since the war started. That surpassed the previous peak, set four years ago during the global energy crunch caused by Russia’s full-scale invasion of Ukraine. [emphasis added]
Other refined petroleum products, like gasoline and jet fuel, have also soared. Gasoline cost $4.15 a gallon on Friday, on average, up nearly 40 percent since the war began, according to AAA.
Over the past six months, “global prices of all main refined products have increased more than crude prices,” analysts at Goldman Sachs wrote in a research note.
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