Beyond Diesel: Exploring Alternative Fuel Cost Stability Opportunities
Still the dominant fuel powering commercial transportation, more than 95% of Class 7 and Class 8 trucks run on diesel, and for many Class 3-6 trucks gasoline also remains a top choice. Recently, however, the effect of geopolitical and economic instability on crude oil supply chains has shown just how highly vulnerable the industries that use trucks are to fluctuations in global energy markets.
Today, tightening inventories have driven fuel prices to unprecedented levels. According to the U.S. DOT Bureau of Transportation Statistics, retail diesel prices have surged almost 80% compared to January 2026, rising from an average low of around $3.50 per gallon at the start of the year to approximately $6.18 per gallon by mid-October.
