Diesel fuel powers transport and industry; ULSD standardization helps cut sulfur; the mix of petrodiesel and alternatives shapes global energy policy.
Several logistics and shipping companies, including Amazon, USPS, UPS, and FedEx, have announced new fuel-related surcharges due to rising fuel prices caused by ongoing geopolitical conflicts. These surcharges aim to offset increased operating costs and are expected to impact consumer prices and seller margins starting from April 17, 2026.
Following a U.S.-Iran ceasefire, global oil markets have stabilized, leading to a potential decline in fuel prices within days. However, high prices persist in California and other regions due to supply disruptions and refinery constraints. Experts warn prices will remain elevated for months despite the ceasefire.
The CMA reports fuel margins have remained broadly steady since late February, with March showing margins near last year’s high levels. While some retailers have seen elevated margins, the watchdog says the overall picture is consistent with ongoing pressure from Middle East turmoil on wholesale costs. The RAC Foundation estimates drivers have shouldered substantial extra costs across petrol and diesel since the conflict began.
The Treasury has targeted two Mexican individuals and nine companies tied to a cartel-linked fuel theft ring that evades Mexican taxes and generates tens of millions annually for the CJNG. FinCEN has alerted banks to red flags in U.S.-to-Mexico fuel smuggling, while U.S. authorities acknowledge the New Generation Cartel’s expansion across 21 of Mexico’s 32 states.
Gas prices remain elevated amid the war with Iran, with national averages around $3.84 per gallon and state tax hikes adding to the cost. California leads in higher prices due to tax increases, while nationwide travel expectations show Americans still hitting the roads.