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International Business Times
International Business Times
Business

US Gasoline and Diesel Prices Surge: National Averages Hit $3.84 for Regular Gas, $5.07 for Diesel

Pump prices for gasoline and diesel fuel continued their sharp upward climb across the United States on Wednesday, with the national average for regular unleaded gasoline reaching $3.842 per gallon and on-highway diesel averaging $5.068 per gallon, according to the latest data from AAA and the U.S. Energy Information Administration.

The increases mark a dramatic escalation from just weeks earlier, driven primarily by geopolitical unrest in the Middle East, including ongoing U.S.-Israel actions against Iran that have disrupted oil supply chains and pushed crude prices higher. Spring break travel demand has compounded the pressure, sending retail prices soaring as refiners shift to costlier summer-blend formulations.

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