Andy Lipow

Built World

Says the IEA diesel release does not fix damaged refineries

Diesel averaged $6.31 a gallon on October 21, down from the record near $6.52 set in late September but still above $6 since September 10, according to AAA. The price is about 68% higher than the $3.76 average on February 28, when the US and Israel attacked Iran.

Updated Oct 24

Built World

As of September 2026: Quoted on refinery outages and winter-grade gasoline

Gasoline averaged $4.44 a gallon on Sept. 17, up 39% from a year ago; diesel hit a record $6.40, up 73%. President Donald Trump said he hoped an end to the war against Iran was near, even as Houthi fighters escalated attacks on Saudi Arabia.

Updated Sep 17