There's a ceiling on everything, even diesel prices. In California, that ceiling is literally printed on the pump: $9.999 per gallon. And on Thursday, five gas stations in the state ran straight into it.
According to a post on X shared by GasBuddy analyst Patrick De Haan, five gas stations in California were “selling diesel at the dispensers highest possible price: $9.999/gal,” saying that prices have “maxxed out” at those stations.
In a separate post, De Haan shared the rising fuel bills for ordinary Americans, saying that daily fuel bills were running “$700 million per day higher than a year ago,” which added up to $5 billion per week, De Haan said, pointing to $6/gallon diesel and $4.2/gallon gasoline prices.
GasBuddy also released a statement, in which De Haan said that the impact of these hikes may not immediately be felt, but “record diesel prices will impact every cargo, shipment, every delivery Americans are taking, and are likely to reignite inflation up and down the supply chain,” adding that a “costlier” holiday season could be on the horizon.
According to data from the American Automobile Association (AAA), the national average price of diesel on Thursday was $5.9773/gallon, with the average price of diesel in California at $7.9114/gallon. U.S. Diesel futures contracts ending in October 2026 crossed $5 on Thursday, according to a report by Bloomberg.
