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AAA reported the national average diesel price reached $6.05 a gallon on Friday, up from $5.85 the prior week and $3.70 a year ago, as the conflict between the U.S. and Iran disrupts global fuel supplies. Regular gasoline also rose to $4.29 a gallon, tracking a jump in both Brent and U.S. crude oil above $100 a barrel for the first time in months.
The national average price for diesel in the United States reached $6.05 per gallon on Friday, according to AAA, marking a more than 60% jump from $3.71 a year earlier. Gasoline also climbed to a national average of $4.29 a gallon, while California diesel prices hit $7.98 a gallon. GasBuddy data confirmed diesel had already exceeded the $6 threshold nationwide.
Affirm Holdings' stock rose 7% Friday after the buy now, pay later company posted better-than-expected fiscal fourth-quarter results. CEO Max Levchin told CNBC that elevated gasoline prices are straining household budgets, pushing more shoppers toward installment payment plans to manage costs.