In a blog posted on its website on Monday, GasBuddy flagged a “fragile calm at the pump” in the United States.
According to GasBuddy data, the nation’s average price of gasoline fell 0.4 cents over the last week and stood at $4.29 per gallon, the blog highlighted, noting that the national average was up 0.4 cents from a month ago and $1.28 per gallon higher than a year ago. The national average price of diesel fell 5.9 cents in the last week and stood at $6.248 per gallon, the blog pointed out.
“More states saw average gasoline prices decline than rise over the last week, with diesel falling approximately five cents per gallon nationally,” Patrick De Haan, Head of Petroleum Analysis at GasBuddy, said in the blog.
“On the policy front, the Trump administration’s proposed diesel deal raises more questions than it answers, and I remain skeptical that it will deliver significant relief to the trucking industry and consumers who depend on diesel,” he added.
“Meanwhile, Hurricane Isaias has passed, but we are awaiting updates on two refineries that were in its path, the outcome of which could impact the supply picture in the days ahead,” he warned.
“For now, the trend is cautiously in the right direction for motorists, but between hurricane season and continued geopolitical uncertainty, it is far too early to declare the pressure on fuel prices resolved,” De Haan went on to state.
GasBuddy’s blog revealed that the most common U.S. gas price encountered by motorists was $3.99 per gallon, which it pointed out was unchanged from a week ago. This was followed by $3.89 per gallon, $4.19 per gallon, $4.09 per gallon, and $3.79 per gallon, the blog outlined.
The median U.S. gas price is $4.09 per gallon, “unchanged from last week and about 20 cents lower than the national average”, the blog noted, adding that the top 10 percent of stations in the country averaged $5.89 per gallon, while the bottom 10 percent averaged $3.62 per gallon.
The states with the lowest average prices comprised Georgia, at $3.77 per gallon, Texas, at $3.78 per gallon, and Ohio, at $3.87 per gallon, according to GasBuddy, which revealed that the states with the highest average prices comprised California, at $6.26 per gallon, Hawaii, at $5.60 per gallon, and Nevada, at $5.39 per gallon.
The most common U.S. diesel price stood at $5.99 per gallon, also “unchanged from last week”, the blog highlighted. This was followed by $5.89 per gallon, $6.39 per gallon, $6.29 per gallon, and $5.79 per gallon, the blog pointed out.
The median U.S. diesel price was $6.09 per gallon, “down six cents from last week and about 16 cents lower than the national average”, according to the blog, which noted that diesel prices at the top 10 percent of stations in the country averaged $6.90 per gallon, while the bottom 10 percent averaged $5.42 per gallon.
The states with the lowest average diesel prices comprised Texas, at $5.61 per gallon, Georgia, at $5.73 per gallon, and South Carolina, at $5.74 per gallon, and the states with the highest average diesel prices were California, at $8.35 per gallon, Washington, at $7.24 per gallon, and Hawaii, at $7.21 per gallon, the blog revealed.
According to the AAA Fuel Prices website, the average price of regular gasoline in the U.S. is $4.3143 per gallon, as of October 13. Yesterday’s average gasoline price was $4.3556 per gallon, the week ago average price was $4.3685 per gallon, the month ago average price was $4.3130 per gallon, and the year ago average price was $3.0821 per gallon, the AAA Fuel Prices site outlined.
The AAA Fuel Prices website showed that the average price of diesel in the U.S. is $6.2787 per gallon, as of October 13. Yesterday’s average diesel price was $6.2665 per gallon, the week ago average price was $6.3151 per gallon, the month ago average price was $6.2040 per gallon, and the year ago average price was $3.6533 per gallon, the AAA Fuel Prices site outlined.
Trump-Putin Deal
In a statement posted on his Truth Social page on October 9, U.S. President Donald Trump said, “I have just concluded a highly successful discussion with President Vladimir Putin, of Russia, wherein it was agreed that Russia will immediately supply over 300,000 Tons of Diesel Fuel to the American and Global Marketplace, another 500,000 Tons during the month of November, and 1,000,000 Tons immediately thereafter”.
“Additionally, based on the condition of their Diesel Refineries, Russia will then deliver, within a short period of time, 3,000,000 Tons of Diesel Fuel,” he added.
“Between our TOTAL CONTROL of the Strait of Hormuz, and this great announcement on Russian Energy, Diesel Prices for Americans and, indeed, the World, will be COMING DOWN, IN RECORD NUMBERS, AND FAST!” he continued.
“Lower prices for Americans, especially our Great Farmers, Ranchers, and Truckers, is my Greatest Priority. This is a very big and important announcement,” he went on to state.
In a statement posted on the President of Russia’s website on October 9, which was translated from Russian, Russian President Vladimir Putin said, “during a telephone conversation with U.S. President Donald Trump on October 9, considerable attention was paid to the prospects for resolving the Ukrainian crisis, and the situation surrounding Iran and various aspects of bilateral relations were also touched upon”.
“During the discussion of the global energy situation, Russia confirmed its readiness to supply oil and petroleum products to the American and global markets. I am confident this will have a positive impact on the entire global economy,” he added.
“An agreement was confirmed to continue personal contacts between the presidents of the two countries, as well as cooperation between the presidential administrations, special services, and other agencies,” he continued.
A statement posted on the Sepah News website on October 10, which was translated from Persian, outlined that the Islamic Revolutionary Guard Corps Navy Public Relations Department announced that a third “offending supertanker” was “hit and caught fire” in the Strait of Hormuz that morning.
A notice published on the United Kingdom Maritime Trade Operations (UKMTO) Center website on October 10 announced that the UKMTO had received a report of an incident within the Strait of Hormuz.
“The Master of an outbound tanker reports being struck on the port side by an unknown projectile, causing a fire on board,” the notice stated.
Tightening Global Diesel Markets
A statement posted on the International Energy Agency’s (IEA) website on October 11, ahead of an IEA Governing Board meeting on October 15, announced that IEA Executive Director Fatih Birol had written to IEA Member governments “on the subject of tightening global diesel markets”.
In the message, Birol outlined “how current market conditions merit immediate attention and can best be managed through continued cooperation among IEA Members”, the statement highlighted, adding that Birol noted that the March 2026 Collective Action “remains underway and provides a framework for further near-term steps”.
“Given the current context in global diesel markets, Dr Birol suggests that all IEA Members consider the following actions,” the statement noted.
“Members that have not yet fully delivered the volumes pledged under the March Collective Action look to see if they are able to accelerate the remaining releases to fulfil this prior commitment, prioritizing diesel,” it said.
“As we discussed last Wednesday, some Members have already released greater volumes than they initially pledged in March,” it added.
“Taking account of the IEA’s diesel market assessment and G7 Leaders’ statement, all Members, including those that have completed their pledged releases, are encouraged to assess whether additional diesel releases are necessary, and, where they consider such releases appropriate, to set out their scale, timing and supplemental nature,” it continued.
The Executive Director noted that the meeting of the IEA Governing Board on October 15 “will provide a valuable opportunity to take stock of these efforts”, according to the statement.
“As we did in March, I believe we can once again demonstrate the IEA’s capacity to act together in support of energy security and economic stability,” Birol was quoted in the statement as saying.
In a statement sent to Rigzone late Wednesday by the IEA, Birol revealed that, in a meeting that week, IEA member governments “expressed support for accelerating the oil stock releases announced in the Collective Action of March 2026, with a view to completing them as soon as possible”.
A statement posted on the IEA’s website on March 11 announced that the 32 member countries of the organization unanimously agreed to make 400 million barrels of oil from their emergency reserves available to the market “to address disruptions in oil markets stemming from the war in the Middle East”.
Birol highlighted in the IEA’s latest statement that, at the IEA meeting that week, IEA members also supported the “prioritization of the release of diesel stocks, to the extent possible, given the current tightness in diesel markets”.
The IEA Executive Director also said participants welcomed a recent statement by G7 Leaders on global energy security and market stability, “including its emphasis on the importance of free flow of energy trade”.
A G7 leaders’ statement published on the websites of the European Union and the President of France on October 2 revealed that the leaders of the G7 had convened a virtual meeting “to address the deepening challenges to our energy security”.
“Facing unprecedented volatility in oil markets – with surging prices threatening economic stability and the well-being of our citizens – we have agreed on decisive, coordinated measures to stabilize immediate energy supplies, shield households and businesses from price shocks, and strengthen the long-term resilience of global energy systems,” the statement said.
“We will coordinate maintenance schedules across G7 refineries to prevent simultaneous capacity shutdowns and temporarily increase utilization rates where feasible. We also encourage engagement with countries holding significant refining capacities to boost global production of refined products, particularly diesel, in light of ongoing market pressures in this segment,” it added.
“The G7 requests the IEA to monitor the immediate and full implementation of the March 2026 commitments. In this regard, taking into account commitments that have already been fulfilled, we will implement our commitments with a coordinated release through the IEA of 100 million barrels to begin immediately over four months, including a frontloaded substantial diesel release within the first 20 days by G7 members and partners,” it continued.
“We will convene in the context of the IEA in the coming days to discuss the possibility of additional diesel releases as necessary,” it went on to state.
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