
Record Diesel Prices Trigger 16 Bankruptcies and Threaten Supply Chains
U.S. diesel prices have surged to a national average of $6.32 per gallon, up 70% from last year, driven by the Iran war and supply disruptions. This spike has triggered a wave of 16 trucking bankruptcies in late August and September, forcing companies to cut routes and smaller operators to face insolvency. While the administration cites G7 reserve releases and executive orders to lower costs, drivers report that rates have not kept pace with fuel expenses, threatening a 'domino effect' on consumer prices.







