Statement on Diesel Reaching $6 per Gallon for the First Time in History
By GasBuddy
THE NATIONAL AVERAGE FOR DIESEL HAS NEVER BEFORE REACHED $6 PER GALLON, ACCORDING TO GASBUDDY DATA.
The national average price of diesel has climbed to $6.00 per gallon for the first time in history, according to GasBuddy, whose live, real-time data reflects key thresholds like this one first. It is a level diesel has never reached, and it comes less than a week after prices set a fresh all-time record of $5.85.
While gasoline gets the headlines, diesel is the fuel that moves the economy, powering the freight trucks, trains, agricultural equipment, and construction machinery behind nearly everything Americans buy.
That means its impact reaches far beyond the transportation sector. As diesel climbs, higher supply chain costs work their way into the price of groceries, household goods, deliveries, and countless other products families rely on every day, even for households that never fuel a diesel vehicle.
At $6.00 per gallon, diesel is now up roughly $2.30 from a year ago, when the national average sat near $3.70.
“Not every day are new all-time records set, and this will be a particularly painful one for the economy that may not even be immediately felt, but record diesel prices will impact every cargo, shipment, every delivery Americans are taking, and are likely to reignite inflation up and down the supply chain. And for now, it comes at a time of year when diesel prices also traditionally rise, adding more pain. I suggest Americans anticipate a costlier holiday season, as it appears diesel prices could continue climbing as geopolitical tensions continue to remain a main factor,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
