Diesel prices are rising despite crude oil production.
Posted by Raging Moderates with Scott Galloway and Jessica Tarlov, Checked
- Sources
- 3 support5 context
- Said
- 1 time·
- Confidence
- 60%
Raging Moderates with Scott Galloway and Jessica TarlovSep 30, 2026
The EIA monthly series shows diesel averaged $6.291 in September 2026, up from $5.462 in August, and the claim's core assertion that diesel prices were still rising around 2026-09-30 is supported at moderate confidence.
This claim is about the present, so it is judged as of the day it was checked.
What was said
… I no one's disputing the fact that Iran has been severely damaged and tons of, um, Iranian military capabilities have been destroyed, and yes, you're right, there is crude oil coming out, but that's not the conversation, because even with crude oil coming out, diesel prices are still rising, right? Even with crude oil coming out, Americans are still upset with the president over the war in Iran, and because none of that's changing, Iran is still in a far better position today than it was yesterday, and then it was on February 27. …
Raging Moderates with Scott Galloway and Jessica Tarlov · · from the transcriptPost →What we found
Supports. FRED/EIA data show the monthly average diesel price rose from $5.462 in August 2026 to $6.291 in September 2026, consistent with prices rising through September.[2]
Supports. Diesel hit a record of about $6.53 per gallon in late September 2026 (Sept 21-22), reflecting a sharp run-up in the weeks before the posting date.[1][3]
Context. Diesel prices fell back from the September record and had a brief respite in early October before rising again, so the trend around September 30 was not a steady climb.[4][5]
Context. The claim's 'despite crude oil production' framing matches the post's point that crude is coming out while diesel still rises; analysts attribute diesel's rise more to refining and product shortages than to crude supply alone.[5][6]
Context. Sources published after 2026-09-30 report diesel rising further (to $6.35 and then $5.85 average records), so the price trend has continued since the claim was made.[7][8]
Sources
8 sources: 1 fact-checker, 7 not rated
- 1Average price of gasoline during Trump's term now exceeds Biden's, as midterms loomreuters.com · fact-checker · cited for: supports
- 2US Diesel Sales Price (GASDESM) | FRED | St. Louis Fedfred.stlouisfed.org · not rated · cited for: supports
- 3Did U.S. diesel fuel prices reach an all-time high this fall?minnpost.com · not rated · cited for: supports
- 4Trump's futile attempts to lower the price of diesel ahead ...ilfoglio.it · not rated · cited for: context
- 5The new oil crisis runs through diesel | J.P. Morgan Private Bank Asiaprivatebank.jpmorgan.com · not rated · cited for: context
- 6Have Diesel Prices Peaked?ground.news · not rated · cited for: context
- 7Trump’s Russian diesel deal benefits Moscow more than US ...militarytimes.com · not rated · cited for: context
- 8US diesel prices hit a record high, pushing up ...wbrz.com · not rated · cited for: context
Where this claim was made
Said in 1 published post
Related claims
- The price of diesel is at an all-time high.True
- Donald Trump is responsible for the increase in diesel prices.Mixed
- Diesel reached a national average price of $6.53 per gallon in the United States.True
- The price of diesel one year ago was less than half of the current price.False
- The United States' current diesel supply shortage is caused by the war on Iran.True