New york: Average diesel prices in the US reached a new record high of $6.3 per gallon on Wednesday, according to data from the American Automobile Association. This surge follows a previous milestone last week when diesel prices surpassed the $6 mark, driven by rising global oil prices.
According to Anadolu Agency, diesel prices differ across various US states, with California experiencing the highest price at $8.2 per gallon. Meanwhile, Brent futures were trading at $107.7, reflecting a 1% decrease on a day-to-day basis but showing a 6.4% increase over the past week as of 0730GMT. In comparison, West Texas Intermediate (WTI) was trading at $104.
Last week, US President Donald Trump attributed the soaring energy prices to the country's ongoing efforts to prevent Iran from developing nuclear capabilities. This geopolitical tension has contributed to the volatility in oil prices, impacting diesel costs across the nation.