U.S. Diesel Prices Top $5 a Gallon as Hormuz Crisis Ripples Across America
U.S. diesel prices have surpassed $5 per gallon, a level only seen once before, according to GasBuddy data. This increase is attributed, in part, to ongoing tensions in the Strait of Hormuz, impacting global oil supply and subsequently, diesel prices in the U.S.
OilPrice · March 17, 2026
Steel yourselves for steep price hikes, consumers warned
Cyprus is facing renewed pressure on consumer energy costs, with advocacy groups calling for the reintroduction of fuel subsidies as pump prices continue their upward trend. Concurrently, the state electricity provider has signaled impending increases in power tariffs, highlighting the island's vulnerability to global energy market fluctuations and prompting calls for government intervention to mitigate the impact on households and businesses.
Cyprus Mail · March 17, 2026