What war in Iran means for diesel and domestic freight
The Strait of Hormuz closure is rewriting the fuel outlook for U.S. trucking just as the industry claws its way out of a three-year downturn.
Read articleEIA's national average on-highway diesel for the week of June 29 (closest reading to June 30) was $4.67/gal, the low point of a steady Q2 slide off the spring spike. https://www.eia.gov/petroleum/gasdiesel/
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This market has been scored against the published resolution criteria. The result, final crowd consensus and source rules are preserved here so readers can compare the forecast with what actually happened.
July 4, 2026
$2.90/gal - $6.00/gal
June represents the traditional low point of annual diesel pricing cycles, and 2026's June reading will signal whether the forecast decline has materialized. Current forecasts center around $3.41, but tariff-driven economic slowdowns or Middle East supply disruptions could push this significantly higher or lower.
Rig Load Report posts linked directly to this market.
Active markets come first, followed by recently resolved calls from the same category.
Contract rates have been underwater for 30+ months. Three consecutive months of MoM growth would be the strongest signal yet that the market has...
Flatbed is the hottest truckload segment in the market right now. The national average hit $2.94/mile in March, up 24 cents from February, with l...
July is typically when summer freight demand crests before a seasonal pause in August. Retail replenishment for back-to-school and beverage distr...
EIA's national average on-highway diesel for the week of June 29 (closest reading to June 30) was $4.67/gal, the low point of a steady Q2 slide off the spring spike. https://www.eia.gov/petroleum/gasdiesel/
This market has been scored against the published resolution criteria. The result, final crowd consensus and source rules are preserved here so readers can compare the forecast with what actually happened.
July 4, 2026
$2.90/gal - $6.00/gal
June represents the traditional low point of annual diesel pricing cycles, and 2026's June reading will signal whether the forecast decline has materialized. Current forecasts center around $3.41, but tariff-driven economic slowdowns or Middle East supply disruptions could push this significantly higher or lower.
Rig Load Report posts linked directly to this market.
Active markets come first, followed by recently resolved calls from the same category.
Contract rates have been underwater for 30+ months. Three consecutive months of MoM growth would be the strongest signal yet that the market has...
Flatbed is the hottest truckload segment in the market right now. The national average hit $2.94/mile in March, up 24 cents from February, with l...
July is typically when summer freight demand crests before a seasonal pause in August. Retail replenishment for back-to-school and beverage distr...