Diesel Prices Soar Past $6.50 as Global Fuel Crunch Deepens

The average price of diesel in the US has hit a record high of $6.50 per gallon, as a global fuel crunch worsens and affects economies worldwide.

The national average diesel price jumped to $6.5050 per gallon on Sunday, according to data from AAA.

This price hike is significant, with the international Brent oil benchmark remaining at $100 per barrel and fuel supply from the Middle East and Russia heavily constrained.

In just four weeks, the average US diesel price has soared by $1 per gallon, surpassing the previous record set in 2022 and moving past $6 a gallon for the first time ever.