US diesel prices hit historic high, Trump administration faces energy policy pressure

According to data from the American Automobile Association, the average retail price of diesel in the United States broke through $5.85 per gallon on Friday, setting a new historical high, while the average gasoline price rose to $4.15 per gallon. The rise in fuel prices has put the Trump administration's commitment to reducing energy costs to the test, with the US Department of Agriculture predicting a nearly 30% increase in fuel costs for farmers by 2026. US diesel inventories have fallen to historic lows, with daily diesel exports reaching 1.77 million barrels in the four weeks ending August 28, an increase of approximately 31% year-on-year. The Trump administration has summoned executives from refining companies to urge an increase in production capacity, and diesel prices have risen by 56% since the outbreak of the US Iran conflict.