Diesel Hits Record High at $6.28 While Gasoline Climbs to $4.16
Lynchburg diesel prices stay at record levels while gasoline costs rise steadily. National averages approach May peaks due to crude oil volatility.
Key points
- Lynchburg diesel prices hit a record high of $6.28 per gallon this week.
- National gasoline averages reach $4.43 per gallon, approaching the May high of $4.56.
- Crude oil prices average $100 per barrel due to volatility in the Strait of Hormuz.
Diesel prices in Lynchburg hold at a record high of $6.28 per gallon. This figure rises 16 cents from the previous week according to new data.
Gasoline costs also increase, reaching an average of $4.16 per gallon. This marks a four cent gain over the last seven days.
Local prices lag statewide averages
Virginia drivers pay more for diesel at a statewide average of $6.39. Gasoline costs in the state average $4.19 per gallon.
These regional figures remain below the national averages for both fuel types. The gap highlights specific pricing pressures in Virginia markets.
National gasoline costs approach May peaks
The national average for regular gasoline reaches $4.43 per gallon. This price is 16 cents higher than last week and over one dollar above last year.
Current prices inch toward the annual high of $4.56 set on May 21. The market shows little sign of immediate relief for consumers.
Crude oil volatility drives price increases
Crude oil averages $100 per barrel amid continued tension in the Strait of Hormuz. This geopolitical instability pushes refined fuel prices back to spring levels.
WSET reports that these rising costs strain local businesses and drivers. The data confirms a sustained upward trend in fuel expenditures.
