U.S. Diesel Hits Record
Diesel costs reach an all-time high as global conflicts strain fuel supplies.
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Analysis & opinion
The reporting
The U.S. average diesel price reached a record $5.85 a gallon as of Sept. 4, surpassing the prior AAA high of $5.8159 set in June 2022. The increase follows months of supply pressure tied to the Iran war, Ukrainian attacks on Russian refineries and broader global refinery shortages, with diesel up from $3.71 a year earlier. Because diesel powers trucking, buses, farming, construction, trains and shipping networks, the record is raising transportation costs across goods and services; California’s average neared $7.71 a gallon.
Analysis & opinion
Diesel Price BacklashLeans Left
Trump’s Iran war is pushing diesel prices to record highs and making life more expensive for Americans. That economic pain is a political liability for Trump and Republicans.
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