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US diesel prices surge to record highs as oil deal with Venezuela unfolds

04, Sep 2026 / 2 min read / By LiveNow Administrator

The average price of a gallon of diesel in the United States has risen to $5.85, according to the American Automobile Association, up from $3.71 a year ago and surpassing the peak set after Russia’s invasion of Ukraine. Diesel fuels most commercial transport, including trucks, buses, trains and construction equipment, meaning the increase hits a broad swathe of the economy.

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