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Cedar Global Markets
US 2Y4.56%
US 10Y4.95%
US 30Y5.37%
2s10s+39bp
WTI$97.26
Brent$109.51
Fed funds3.50–3.75%
CPI3.7% YoY
Core CPI2.8% YoY
Unemployment4.10%
Cedar Global MarketsData via FRED® (St. Louis Fed). Not endorsed by the St. Louis Fed. Delayed / as published.

U.S. Diesel Hits AAA Record Near $5.90 as Refining Squeeze Bites

in Energy, Americas
Reading Time: 1 min read
Oil refinery distillation towers and flares at dusk, illustrating U.S. diesel and refining-capacity pressure.
byCedar Global Markets
September 10, 2026
0

National pump diesel set a new daily high while California averaged about $7.83; this is a product story, not a crude duplicate.

Energy • Fuels • Logistics

AAA’s national diesel average stood at $5.9012 a gallon on Sep. 8 after a record $5.9015 on Sep. 7. An earlier AP print of $5.85 reflected Friday’s level before the Labor Day climb; both sit on the same trajectory. California AAA diesel averaged about $7.83. Regular gasoline averaged $4.15 nationally.

EIA’s weekly on-highway diesel series, last released Sep. 1 near $5.60, lags AAA’s daily survey and samples differently. The two series are not contradictory. In nominal terms the AAA print tops the June 2022 peak near $5.82; inflation-adjusted, AP notes older peaks remain higher in 2026 dollars.

Drivers include Middle East product-flow disruption, refining outages, and refiners prioritizing diesel, gasoline, and jet over fuel oil. Pre-war AAA diesel was about $3.76 in late February. The story is a U.S. retail diesel and middle-distillate squeeze, not another Brent settle lead.

Sources: AAA gasprices.aaa.com; AP; EIA Gasoline and Diesel Fuel Update; Reuters ship-fuel.

Cedar Global Markets

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