GoKawiil
Tech News
Diesel fuel prices in the United States have climbed to a record average of $6.53 per gallon, with some farm operators reporting a 77% jump in fueling costs for equipment like tractors. The spike has drawn widespread attention as a key driver of broader price pressures across the economy.
Duncan McIntyre founded Highland Electric Fleets in Massachusetts in 2018 after noticing his son's school bus tailpipe exposed children to diesel exhaust. The company, which finances and manages the transition to electric school bus fleets, now generates roughly $50 million annually, is pursuing contracts in about 200 cities, and has secured a sponsorship role with the 2028 Olympics.
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.
Diesel prices in the United States climbed to an unprecedented average of $5.85 a gallon on Friday, driven by disruptions to global fuel supplies stemming from the six-month conflict with Iran. Regular gasoline also rose, averaging $4.15 a gallon, though still below its 2022 record, according to AAA data.