U.S. Diesel Prices Hit Record High, Surging to Rp 112,000 per Gallon

The retail, distribution, and tax component is derived from the difference between the U.S. average retail diesel price and New York Harbor wholesale diesel prices.

Global Production Expected to Remain Under Pressure

In its September Short-Term Energy Outlook (STEO), the EIA forecasts that global distillate fuel production will stay below previous year levels for the coming months.

This contributes to continued high U.S. net exports, low inventories, and sustained high prices.

In other words, global supply developments are closely watched to gauge U.S. diesel price trends in the near term.

Domestically, U.S. production remains strong. Average distillate output from January to August 2026 was 5.1 million bpd, the highest since 2019, while refinery utilization hit 97 percent for the week ending September 11, 2026.

Nevertheless, inventory data show available supplies remain below the five-year seasonal pattern.

On September 14, 2026, the average U.S. retail diesel price was 6.29 U.S. dollars per gallon, equivalent to about Rp 112,038 per gallon at an exchange rate of Rp 17,812 per U.S. dollar.

The EIA recorded this as the highest nominal price since diesel price data began in 1994. When adjusted for inflation, it represents the highest level since 2022.