Record Diesel Prices Squeeze Trucking Fleets

Average U.S. diesel prices have climbed to nearly $6 a gallon, surpassing the 2022 record as tight refinery capacity and Middle East disruptions keep fuel costs elevated.

The price of diesel fuel made national news last week when AAA reported it hit a new record high.

Official weekly numbers from the Department of Energy were delayed due to the holiday, but on September 9, the DOE’s Energy Information Administration reported average U.S. retail diesel price of $5.97, surpassing the previous high of $5.81 in June 2022.

That’s up 3.7 cents over a week ago, $1.97 higher than a year ago, and $2.41 higher than two years ago.

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