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● TRACKER Updated 4d ago Β· 8 sources tracked

US average diesel price passes $6 a gallon for the first time, GasBuddy says

The US national average price of diesel exceeded $6 per gallon on Thursday, according to price tracker GasBuddy. This mark represents the first time the average has reached this level. GasBuddy analyst Patrick De Haan stated the record cost increases the price of every delivery and grocery run, which may fuel inflation across the supply chain. The surge follows a yearly increase of approximately $2.30 per gallon. Brent crude oil futures also rose 6.34% on Thursday to settle at $107.63 per barrel.

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  • βœ“ The US average diesel price surpassed $6 per gallon for the first time on Thursday.
  • βœ“ Brent crude oil settled at $107.63 per barrel on Thursday.
  • βœ“ Diesel prices have risen by approximately $2.30 per gallon over the last year.
πŸ›‘οΈ Source Corroboration: 8 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

The US national average diesel price officially crossed the $6 per gallon threshold on Thursday.

Live updates

  1. US Average Diesel Price Surpasses $6 Per Gallon for First Time

    The US national average price of diesel exceeded $6 per gallon on Thursday, according to price tracker GasBuddy. This mark represents the first time the average has reached this level. GasBuddy analyst Patrick De Haan stated the record cost increases the price of every delivery and grocery run, which may fuel inflation across the supply chain. The surge follows a yearly increase of approximately $2.30 per gallon. Brent crude oil futures also rose 6.34% on Thursday to settle at $107.63 per barrel.

    Why it matters

    Global fuel supplies are under pressure from Russia's diesel export ban, Chinese fuel export restrictions, and the US-Israeli conflict with Iran. Higher energy costs have already added $860 to the expenses of US households. These price hikes create political pressure for President Trump and Republicans ahead of November congressional elections.

    What is confirmed

    • The US average diesel price surpassed $6 per gallon for the first time on Thursday.
    • Brent crude oil settled at $107.63 per barrel on Thursday.
    • Diesel prices have risen by approximately $2.30 per gallon over the last year.

    Still unconfirmed

    • Ukrainian attacks on Russian refineries have squeezed fuel supply.
    • Gasoline prices are at their highest ever for this time of year.

    What to watch next

    • November congressional election results
    • Further changes to Russian or Chinese fuel export restrictions
    • Movement of Brent crude oil above or below $100 per barrel
    Sources used for this update (8)
    1. CNN β€” Americans are still struggling with high gas prices. The pain will likely continue this fall
    2. Yahoo Finance β€” Gasoline prices are 'highest ever for this time of year': Chart of the Day
    3. Fox Business β€” Iran war costs US households $860 more in higher energy prices, economist says
    4. CBS News β€” Diesel prices are nearing $6 a gallon for the first time ever
    5. Reuters β€” US diesel price average crosses $6 a gallon for the first time, GasBuddy says
    6. jen.jiji.com β€” US diesel price tops $6 for first time
    7. tulsaworld.com β€” US average diesel price passes $6 a gallon for the first time, GasBuddy says
    8. www.bnnbloomberg.ca β€” U.S. average diesel price passes US$6 a gallon for the first time, GasBuddy says
    confidence 90%
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