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The price of diesel has gained a total of 32.4 cents over the past three weeks after a run of seven declines in eight weeks beginning April 7. (Nirian/Getty Images)

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Against the backdrop of rising tensions in the Middle East, the national average price of a gallon of diesel increased for the third consecutive week, spiking 20.4 cents to $3.775 a gallon, according to U.S. Energy Information Administration data released June 24.

The jump was the biggest since a 21-cent leap Feb. 12, 2024. A gallon of diesel now costs six-tenths of a cent more than it did at this time in 2024, the first time the price of diesel has been more expensive than the year-ago period since July 15, 2024, when diesel was 2 cents higher than July 17, 2023.

The price of diesel has gained a total of 32.4 cents over the past three weeks after a run of seven declines in eight weeks beginning April 7.

PADD

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(PADD — Petroleum Administration for Defense Districts. U.S. Energy Information Administration)

Regional Trends

The average price of diesel rose again in all five PADDs, with the Midwest and Gulf Coast — for the second straight week — posting the biggest increases at 24 and 22.4 cents, respectively. The Rocky Mountain region saw the smallest increase at 14.1 cents. When including subregions, New England’s rise was the smallest at 7.2 cents.

U.S. On-Highway Diesel Fuel Prices

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(U.S. Energy Information Administration)

Gasoline Update

The national average price for a gallon of gasoline increased 7.4 cents to $3.213. Even with the bump, that’s still 22.5 cents cheaper than a year ago.

What We Pay …

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