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Diesel prices reach records as supply disruptions strain refining capacity
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European futures and US retail diesel set records amid reduced exports
European diesel futures and average US retail diesel prices reached record highs as refinery damage and reduced exports tightened supplies. US retail diesel exceeded $6 a gallon for the first time this month, while inventories were nearly 15% below their five-year seasonal average despite high refinery utilization. Middle Eastern diesel exports averaged 800,000 barrels a day from March through August, half the year-earlier level, according to Kpler data cited by Reuters. The IEA said limited spare refining capacity leaves few immediate alternatives, although further price increases remain a risk rather than a certainty. This briefing covers 2026-09-20T08:23:40.676Z through 2026-09-21T20:23:40.676Z. The timestamp is Reuters publication metadata, not when either price record occurred.