Oil prices break through $100, diesel prices climb to $6
2026-09-16 05:00:53
According to CoinMeta, oil prices have broken through $100, and diesel prices have also risen to $6 per gallon. Oil industry executives warn that the situation could further deteriorate. Global energy supply is under pressure due to disruptions in supply from the Middle East and Russia. Diesel prices in the United States have increased significantly from last year's level of around $3.70 per gallon, as diesel is a key fuel for industries such as transportation, agriculture, and construction. Three of Russia's six major diesel-producing refineries have ceased operations or significantly reduced production due to Ukrainian drone attacks, resulting in a reduction of Russian diesel exports by about 1.6 million barrels per day. U.S. Treasury yields have risen above 5%, and the market is facing triple pressures from diesel prices, oil prices, and Treasury yields.
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Source:Coinpaper
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