Diesel Tops $4 per Gallon but Remains Below Year Ago Levels
The national average for diesel has topped $4.00 per gallon and currently sits at $4.15, up from $3.97 a week ago but below $5.22 last year, according to AAA data. The highest recorded average diesel price was $5.82 in June 2022.
Reductions in oil production have contributed to the rise in diesel prices. On Thursday, OPEC member Saudi Arabia signaled that they will extend their voluntary cuts of one million barrels of oil a day through the end of September.
An official source from the Ministry of Energy noted that this cut is in addition to the voluntary cut previously announced...
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