TEXAS – Fuel prices continue to climb across the U.S., with gasoline surging toward its highest level since 2024 and diesel pushing to fresh multi-year highs.<\/p>\n
As of 8 a.m. ET, the national average price of gasoline stands at $3.246 per gallon. That\u2019s now just 1.4 cents shy of its highest national average since 2024 \u2014 and, based on GasBuddy\u2019s tracking, the highest national average so far during President Trump\u2019s two terms.<\/p>\n
Gasoline: A Fast Move Higher \u2014 and It\u2019s Starting to Add Up<\/p>\n
The national average is now up 26.1 cents per gallon from a week ago, an unusually strong weekly climb.<\/p>\n
That matters because even \u201ca quarter per gallon\u201d adds up quickly at a national scale. With U.S. gasoline demand at seasonal levels, a +26.1\u00a2\/gal increase implies Americans are collectively spending about:<\/p>\n
~$95 million more per day on gasoline versus a week ago (roughly, based on current demand)<\/p>\n
If prices remain elevated and\/or continue rising as expected, the incremental cost can approach hundreds of millions of dollars per week \u2014 and could move closer to the $1B\/week range if the national average climbs further or demand strengthens as we move deeper into spring.
\nThe Increases Are Broad \u2014 Not Isolated<\/p>\n
This isn\u2019t just a one-region story. Price gains are widespread:<\/p>\n
12 states are up 30 cents or more from a week ago<\/p>\n
29 states are up 25 cents or more<\/p>\n
39 states are up 20 cents or more<\/p>\n
49 states are up 10 cents or more<\/p>\n
Hawaii is the lone outlier, where prices are up only a few cents so far.
\nWhat\u2019s Next for Gasoline<\/p>\n
From here, I still see room for the national average to rise another 10\u201315 cents per gallon over the next week or so, to $3.30-$3.45\/gal as retail continues catching up to wholesale increases.<\/p>\n
Seasonal pressure could also build again in mid-March, when another step in the transition to summer gasoline typically increases production costs and can tighten supply in some regions.<\/p>\n
That said, we\u2019ve already seen the pace of rise slow down, and as we get closer to the weekend, I expect the pace of gasoline increases to slow further\u2014 not reversing, but climbing less aggressively once the market finishes absorbing the initial run-up.
\nDiesel: The Bigger Story Right Now<\/p>\n
Diesel is where the stress is showing more clearly.<\/p>\n
The national average price of diesel is now $4.124 per gallon, the highest level since December 2023 \u2014 which is more than two years ago (about 27 months).<\/p>\n
Diesel has surged nearly 40 cents in the last week, and the speed is notable:<\/p>\n
Roughly +37\u201340\u00a2 in a week<\/p>\n
One of the top ten fastest weekly increases in GasBuddy\u2019s diesel history going back to 2005<\/p>\n
The largest diesel surge since the 2022 energy crisis (based on weekly\/monthly change comparisons)<\/p>\n
An especially striking move: about 38 cents in just four days<\/p>\n
Why Diesel Is Spiking More Than Gasoline<\/p>\n
The diesel market is simply tighter, and with drone attacks on a Saudi refinery, Qatar shutting down natural gas production, boosting heating oil use, and lower U.S. inventories amidst cold weather, diesel has out-rallied gasoline.<\/p>\n
Diesel is driven less by commuter demand and more by:<\/p>\n
freight and trucking<\/p>\n
industrial activity<\/p>\n
agriculture<\/p>\n
construction<\/p>\n
global distillate flows<\/p>\n
When distillates tighten, they can move faster and stay elevated longer \u2014 and that\u2019s what we\u2019re seeing now.<\/p>\n
My expectation is that diesel may continue to climb into early next week, even if gasoline\u2019s pace cools sooner. Diesel often lags on the way down, too.
\nBottom Line<\/p>\n
Gasoline is moving quickly and broadly higher, with the national average approaching a 2024 high and rising 26 cents in a week. Diesel is moving even faster, reaching its highest level since December 2023 after a weekly surge that ranks among the steepest in decades of GasBuddy tracking.<\/p>\n
The near-term outlook:<\/p>\n
Gasoline: increases likely continue, but the pace may slow by the weekend<\/p>\n
Diesel: may keep climbing into early next week<\/p>\n","protected":false},"excerpt":{"rendered":"
TEXAS – Fuel prices continue to climb across the U.S., with gasoline surging toward its highest level since 2024 and diesel pushing to fresh multi-year highs. As of 8 a.m. ET, the national average price of gasoline stands at $3.246 per gallon. That\u2019s now just 1.4 cents shy of its highest national average since 2024 … Continue reading Gas prices surge toward a 2024 high<\/span><\/a><\/p>\n","protected":false},"author":65,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2851],"tags":[],"class_list":["post-1486014","post","type-post","status-publish","format-standard","hentry","category-state-news-archive"],"publishpress_future_action":{"enabled":false,"date":"2026-06-07 07:28:43","action":"change-status","newStatus":"trash","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1486014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/users\/65"}],"replies":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1486014"}],"version-history":[{"count":4,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1486014\/revisions"}],"predecessor-version":[{"id":1486369,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1486014\/revisions\/1486369"}],"wp:attachment":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1486014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1486014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1486014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}