US diesel prices rise to $6.5, continuing to set new record highs

TechFlow reports that on September 21, U.S. retail diesel prices broke through $6.50 per gallon for the first time, extending a war-driven rally that is affecting multiple sectors of the economy. According to data from the American Automobile Association (AAA), the nationwide average diesel price rose to $6.505 per gallon by Saturday local time, less than 10 days after it last breached the $6 threshold. Since September, the pace of U.S. diesel price hikes has accelerated sharply, climbing more than 87 cents so far this month, rising almost daily, and significantly surpassing the peak set in 2022. (Jin10)