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Diesel Prices Eclipse Record In CA, Gas Now Averages Over $6 Per Gallon
Businesses are passing along higher fuel costs as California diesel averages hit a record $8 a gallon, the American Automobile Association said.
On Friday, average diesel prices in California rose above $8 a gallon, according to the American Automobile Association, marking a historic record as gasoline prices also surge across the state.
Global energy flows remain roiled by the war in Iran and the Russia-Ukraine conflict, driving national diesel prices above $6 a gallon, while California faces unique pressures from limited refining capacity and high state-level gas taxes.
QShark Moving saw its monthly fuel bill surge from around $8,200 to $16,000 this August, owner Vlad Kandybovich said, while driver Steven Sams reports paying two dollars and fifty cents more per gallon today than one year ago.
Arborist Jose Bedoya noted that annual work prices at Leaf It To Us jumped by $300 in some cases, as rising energy costs force businesses to increase fees and consumers struggle with downstream inflation.
West Coast diesel stockpiles remain at their lowest seasonal level since 1998, leaving benchmark futures trading near $5 a gallon, though it remains unclear if these elevated price pressures will abate soon.