1 of 1
Story summary
- Diesel prices averaged $5.04 per gallon nationwide on March 17, 2026, driven by higher crude costs tied to Iran’s blockade of Strait of Hormuz.
- The price spike raises costs for the U.S. supply chain and household budgets, including groceries and delivery services.
- Farmers, including Virginia's John Boyd Jr., face immediate financial pressure as diesel costs rise.
- President Donald Trump stated that oil prices would eventually drop, though Boyd remains skeptical.
