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Diesel Hits $6.49 as US Gas Prices Spike $0.185

By Markets Desk · · 1 min read
A fuel pump nozzle resting on a concrete forecourt
Illustration: Tradingbird

US diesel prices reached $6.49 per gallon while gasoline hit $4.44, driven by geopolitical tensions and supply constraints.

Key points

  • US diesel prices hit $6.49 per gallon, up 30.7 cents in the past seven days.
  • Gasoline prices reached $4.44 per gallon, rising 18.5 cents over the same week.
  • Strikes on Russian refineries and US-Iran tensions are cited as key drivers.

US diesel prices reached $6.49 per gallon on Monday, a sharp rise from the previous week. Gasoline simultaneously climbed to $4.44 per gallon, marking a significant increase for consumers.

GasBuddy data shows diesel jumped 30.7 cents per gallon over the last seven days. Gasoline prices rose by 18.5 cents during the same period, affecting the national average.

Geopolitical conflicts drive fuel costs

Patrick De Haan of GasBuddy links the spike to strikes on Russian oil refineries. These actions tighten global diesel supply and amplify pressure in the Great Lakes region.

New Houthi attacks and escalating US-Iran tensions create deep uncertainty in the outlook. Analysts note that broader directional changes depend heavily on these overseas developments.

Political blame shifts over pump prices

President Trump calls high fuel costs an inexpensive price for preventing Iranian nuclear gains. He also blames former President Biden for the current levels of inflation.

GasBuddy records show average gasoline was $3.11 when Trump took office last year. Diesel stood at $3.62 per gallon at that time, far below current levels.

Statewide increases reflect national trends

Forty-five states saw gasoline increases exceeding three cents per gallon in the last week. Diesel prices rose in every state, with five seeing jumps over 50 cents.

Regional refinery issues in the Great Lakes compound the effects of global supply tightness. The Augusta Free Press reports these figures highlight the broad economic impact.

Based on reporting by Augusta Free Press, compiled by the Tradingbird desk.

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