'Band-Aids on a shotgun wound': Diesel prices to remain high into 2027
Even if conflicts in the Middle East and Ukraine ended immediately, experts say it would still take months for diesel prices to...
With only two months remaining in the year, it’s clear that diesel's volatile swings will be one of 2026's biggest stories.
Beginning in March, diesel prices skyrocketed to above $5 per gallon following the onset of conflict between the U.S. and Iran. After some mid-summer declines in prices at the pump, prices shot up again late in the summer to a new record high of $6.53/gallon.
That volatility is likely here to stay, at least for the early parts of 2027, according to a panel of experts speaking last week at the Wex OTR Summit at the Marriott Sawgrass Golf Resort & Spa in Ponte Vedra Beach, Florida.
Denton Cinquegrana, Director of Energy Research at Dow Jones Energy, said crude oil market futures for 2027 remain near $90/barrel for WTI and over $100/barrel for Brent crude.
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