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NYT

Soaring Diesel Prices Are Helping Oil Companies and Hurting Consumers

Wednesday, August 26, 2026


Diesel prices have increased following the war in Iran and attacks on Russian refineries by Ukrainian forces, according to available reports. The fuel is used in farm machinery, trucks, and heavy equipment. The price increases affect consumers who rely on diesel-powered vehicles and equipment.

Original reporting: https://www.nytimes.com/2026/08/26/business/energy-environment/diesel-prices-iran-war-oil.html

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