Diesel Prices Hit a Pricy Milestone: $6 a Gallon and Counting Diesel prices have topped $6 a gallon for the first time ever, according to data from AAA. The national average rose to a record $6.
05 on Thursday, up more than 60% from last year's levels. The conflict in Iran has significantly reduced global oil supply, driving up the price of Brent crude to $108 a barrel.
However, this is not the only factor at play – experts also point to a global squeeze on refining capacity, particularly in Russia and the Middle East.