Diesel Prices Surge 20 Cents: Why the Fuel Market is in Crisis

Diesel prices just jumped 20 cents in a few hours, and experts warn we’re “running out of bullets” as inventories dwindle. We dive into the latest fuel market data, the impact of red-dyed diesel policies, and how geopolitical events are creating an unstable energy supply chain that could push prices much higher. Understand the real risks to your operations. Ultra-low sulfur diesel futures on the CME swung sharply higher Tuesday morning, rising roughly 20 cents in the span of about two hours after briefly trading negative the day before. The move rattled diesel consumers already dealing with depleted inventories and limited policy options, with one market watcher warning that prices could push back above $6 per gallon — and potentially well above that level.