US Diesel Prices Climb to Highest Since Mid-2022
US retail diesel prices have reached their highest level since mid-2022, with the national average climbing to $5.783 per gallon according to the American Automobile Association. The price increase is attributed to global supply constraints stemming from ongoing international conflicts, with current prices representing some of the highest levels seen in recent years.
Key takeaways
- 1.National average diesel price reached $5.783 per gallon on Wednesday, marking the highest level since mid-2022
- 2.Global supply constraints driven by international conflicts are cited as a primary factor in the price surge
- 3.Current diesel prices are among the highest seen in the past four years
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