NewsTradingSentimentCalendarCommunityBriefing
Markets

Diesel Costs Hit $6.39, Threatening Grocery Prices

By Markets Desk · 2026-09-18 · 1 min read
A large semi-truck driving on a highway
Illustration: Tradingbird

US diesel prices rose sharply this week. Higher fuel costs for trucks are now driving up the price of everyday food items.

The average price of a gallon of diesel in the United States reached $6.39 on September 17. This represents a significant increase from $5.97 on September 10. Diesel costs are now substantially higher than regular gasoline, which averaged $4.43 per gallon on September 16.

Shipping companies rely on diesel-powered trucks to deliver goods to stores. Rising fuel expenses are being passed directly to consumers rather than absorbed by retailers. This dynamic is contributing to higher grocery bills for American households.

Truck freight dominates national cargo movement

Diesel trucks moved nearly 73% of the nation's cargo freight in 2024. The American Trucking Associations report this volume equates to 1.27 billion tons of freight. These vehicles consume significant amounts of fuel, with tanks holding between 120 and 150 gallons.

FreightWaves data indicates these big rigs average about 6 miles per gallon. As fuel prices rise, the cost per mile for transport increases. This directly impacts the final price of goods sold in stores.

Regulatory changes add to vehicle costs

The administration has moved to roll back stringent emission rules for trucks. Trucking companies argue that new requirements for emission control devices could increase the cost of a single truck by up to $12,000. These additional capital costs may further elevate shipping rates.

Consumer advocates state that families are already under financial pressure from inflation. David Holt of the Consumer Energy Alliance notes that high fuel prices affect the cost of essentials like eggs and bread. He describes a direct correlation between energy costs and consumer spending.

Food price forecasts show continued increases

The USDA Economic Research Service forecasts grocery prices to increase by 2.5% in August 2026. Restaurant and takeout prices are projected to rise by 3.6% over the same period. Consumers face higher costs whether they cook at home or eat out.

Chis Ventura, director of CEA Midwest, emphasizes the immediate impact on family budgets. He states that higher energy prices drive up farming and transportation costs. These factors combine to reduce disposable income for American households.

Based on reporting by usatoday.com, compiled by the Tradingbird desk.

More from the Markets desk

All desk stories
  • A digital padlock with a keyhole, symbolizing security and privacy
    Illustration: Tradingbird

    FATF Travel Rule Adoption Reaches 83 Percent

    Regulators are closing the gap on crypto privacy while enforcing strict compliance standards globally.

    2026-09-18
  • A set of brass house keys resting on a wooden table next to a closed book
    Illustration: Tradingbird

    Mortgage Rates Near 7% Slow Buyer Activity

    Average 30-year fixed mortgage rates have settled near 7%. This level of borrowing cost has reduced new applications by 19% year over year. The Federal Reserve's recent policy shift continues to pressure the housing market.

    2026-09-18
  • A modern glass skyscraper reflecting a clear blue sky
    Illustration: Tradingbird

    Hana Financial Signs Abu Dhabi Digital Asset Pact

    Hana Financial Group signed a memorandum of understanding on September 16 to expand into stablecoins and cross-border payments.

    2026-09-18