Diesel Price: everything we know so far

U.S. diesel prices jumped above $5 a gallon on Tuesday, marking the highest level since December 2022, as the strain on global energy markets from the war with Iran continues to ripple through the American economy. Diesel Price has emerged this Friday as one of the stories drawing attention in Philippines.

Key facts

• U.S. diesel prices jumped above $5 a gallon on Tuesday, marking the highest level since December 2022, as the strain on global energy markets from the war with Iran continues to ripple through the American economy.
• Rising diesel prices could push up costs across the U.S. economy, as many goods move by diesel-powered trucks.
• Diesel Fuel Price: Get all information on the Price of Diesel Fuel including News, Charts and Realtime Quotes.
• Petrobras Reportedly Pauses Diesel Price Hike Plans in the Short Term.
• Diesel Prices Continue to Decline The benchmark diesel price used for most fuel surcharges has dropped for the second consecutive week, offering relief to the trucking industry.

What we know

Going deeper, Rising diesel prices could push up costs across the U.S. economy, as many goods move by diesel-powered trucks.

On the substance, Diesel Fuel Price: Get all information on the Price of Diesel Fuel including News, Charts and Realtime Quotes.

Beyond the headlines, Petrobras Reportedly Pauses Diesel Price Hike Plans in the Short Term.

More precisely, Diesel Prices Continue to Decline The benchmark diesel price used for most fuel surcharges has dropped for the second consecutive week, offering relief to the trucking industry.

It is worth noting that Diesel prices reached $5.04 a gallon, up from $4.78 a week ago and from $3.65 over a month ago, according to data from AAA.

By the numbers

At this stage, Diesel prices are rising as the war in the Middle East constrains the world's oil supply and drives up prices of Brent crude, the international benchmark, above $100 a barrel.

On a related note, since March 1, the price of diesel has climbed 34%, versus a 27% rise for gasoline, according to AAA data.

Going deeper, According to data from the Department of Energy (DOE)/Energy Information Administration (EIA), diesel prices declined 5.3 cents per gallon, bringing the average to $3.582 per gallon.

On the substance, this puts the current diesel price just above its lowest point of 2025, which was recorded at $3.561 per gallon on January 6.

The wider context

On a related note, However, New England diesel prices have not yet spiked, showing only a 0.6-cent drop, compared to the 5.3-cent decrease across the East Coast.

Going deeper, Data Summary Prices Crude reserves and production Refining and processing Imports/exports Movements Stocks Consumption/sales.

On the substance, Experts say that U.S. customers could start to feel the pinch of rising diesel prices because trucks, trains and barges that move much of what Americans buy run on the fuel.

Beyond the headlines, Rising diesel prices also carry potential implications for the construction and farming industries, given that most of their equipment runs on it.

More precisely, de Haan said in a note last week that diesel price spikes are "particularly disruptive" for trucking companies, farmers, freight carriers and construction firms because their budgets may not be able to adjust fast enough to handle the fuel surcharges added by transportation companies to cover higher fuel prices.

The bottom line

• Since March 1, the price of diesel has climbed 34%, versus a 27% rise for gasoline, according to AAA data.
• This puts the current diesel price just above its lowest point of 2025, which was recorded at $3.561 per gallon on January 6.
• De Haan said in a note last week that diesel price spikes are "particularly disruptive" for trucking companies, farmers, freight carriers and construction firms because their budgets may not be able to adjust fast enough to handle the fuel surcharges added by transportation companies to cover higher fuel prices.