A driver refuels a vehicle with regular gasoline at a Chevron gas station in San Francisco on September 10, 2026. US diesel futures surged above $5 a gallon for the first time since April 2022, the latest sign of a deepening global fuel squeeze as wars disrupt supplies and rapidly erode fuel stockpiles around the world.
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On the campaign trail in 2024, President Donald Trump promised to make gas dirt-cheap again and blamed record-high gas prices on the Biden-Harris “war on energy.”