Dallas Fed survey finds oil executives expect diesel prices to stay elevated for more than a year

  • Dallas Fed survey finds oil and gas executives expect diesel prices to stay elevated.
  • 48% expect diesel prices to need more than four quarters to return to 2025 levels.
  • President Donald Trump is considering a diesel export ban amid pressure from surging fuel costs.

U.S. oil and gas executives expect diesel prices to remain elevated for more than a year, according to the latest Federal Reserve Bank of Dallas survey of 100 companies. Forty-eight percent said diesel prices could take more than four quarters to return to 2025 levels, compared with 36% for gasoline. The survey linked the prolonged fuel crisis to the Iran war and Ukraine's attacks on Russian refining facilities. AAA said the average U.S. diesel price was $6.4139 per gallon on Wednesday, about 73% higher than a year earlier. President Donald Trump has been considering a diesel export ban, while the White House has coordinated with European allies, urged countries to release strategic reserves and discussed increased Chinese refinery production.

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