Business
Diesel Price Crosses $6 a Gallon for the First Time
The nationwide average price for a gallon of diesel rose to $6.069 on Friday, according to Dow Jones Energy data. In California, that price is up to $7.983. Both are new record highs.
The price of the fuel has risen 14% in the past month and more than 60% in the past year. Higher domestic prices reflect surging exports of U.S. diesel as the closure of the Strait of Hormuz, combined with Ukrainian attacks on Russian oil refineries, crimp the supply of refined products around the world.
Gasoline prices also continue to forge higher. The average price of a gallon is now $4.295, AAA said, up more than 40% since the Iran war started.
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