Axios September 09, 2026 • 20:13

Energy Department raises 2027 diesel price outlook by 33 cents amid Iran war - axios.com

By Rebecca Falconer, Ben Geman

President Trump acknowledges that oil prices may not fall until after November's midterm elections.

Driving the news: The latest Energy Information Administration outlook expects retail diesel to average $4.40 a gallon in 2027, up 33 cents, or 8.2%, from its previous forecast of $4.07.
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Energy Department raises 2027 diesel price outlook by 33 cents amid Iran war - axios.com

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