Soaring U.S. diesel prices slam local communities as fuel costs surge
The surge in diesel prices this year is putting a financial squeeze on schools, farms and small businesses around the U.S.
Watch CBS News
The surge in diesel prices this year is putting a financial squeeze on schools, farms and small businesses around the U.S.
Car ownership costs have soared 50% since 2020, according to new economic data. Here's where motorists are getting dinged.
The average price of regular gas was $4.15 a gallon on Labor Day, well above the Labor Day weekend record of $3.82 from 2012, and diesel was at a new all-time record of $5.90.
The last time global oil prices settled above $100 was on May 22, data from FactSet shows.
The national average for a gallon of gas reached $4.003 on Monday, the first time in over a month it has crossed that threshold, AAA data shows.
Prices at the pump sank following a June ceasefire. But renewed conflict in the Middle East and other factors are driving fuel costs back up.
E15 is usually only available part of the year to help ease high gas prices under a waiver from the EPA.
As summer road trip season arrives and gas prices continue to swing, travelers do not have to burn through a full vacation budget to get out of town.
The national average for a gallon of regular gas in the U.S. drops to $3.99, the lowest since March 30.
California's soaring gas prices are fueling an escalating political battle between Gov. Gavin Newsom and Chevron, with Newsom urging drivers to boycott Chevron stations over Memorial Day weekend.
U.S. motorists are likely to face even hotter gas prices as the summer driving season kicks off, according to a new analysis.
For the first time this year, the average price of a gallon of gas in Northern California has climbed above $6, and food truck owners in Modesto say the rising fuel costs are taking a serious toll on their businesses.
Americans on tight budgets are getting hit especially hard by surging fuel costs, forcing some to make hard choices.
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
The cost of diesel fuel is nearing $8 per gallon in parts of California, creating significant pressure on small trucking companies already struggling.
California gas prices are the nation's highest. The candidates in the 2026 governor's race weighed in on the role of state policy, global supply risks, refinery closures, and how each would address rising gas prices.
As gas prices hover near $6 a gallon, some Central Valley travelers are looking for cheaper ways to get around, and a train running through the region is gaining attention as an alternative.
The average price of gas across the U.S. last reached $4 after Russia's invasion of Ukraine sent crude oil prices surging.
California continues to face limited refinery capacity amid the ongoing war in Iran, disrupting global shipments.
The president threatened to "obliterate" Iranian power plants if Iran didn't reopen the Strait of Hormuz by late Monday night Eastern Daylight Time.
Whether the Iran war-linked leap in the price of gas will give a shot in the arm to EV sales will depend on a variety of factors, experts say, so the answer isn't clear-cut.
Gas prices continue to climb and are affecting local co-ops, including one that packages and markets beans out of California.
Getting a gallon of gas for under $3? In California, it's possible if you choose the right pump.
Drivers across California are feeling the impact of soaring gas prices in what feels like overnight.
