Diesel Prices Soar: A Symptom of a Deeper Problem US diesel prices have hit an all time high, averaging $5. 85 per gallon according to the American Automobile Association (AAA).
This represents a staggering increase from last year's average price of $3. 71.
The ongoing conflict with Iran has effectively closed off one of the world's most critical oil transportation routes, and the blame for the spike in prices has been laid squarely at its feet.