
Gas Prices Dip, Diesel Hits Record Highs
About this episode
Gas prices dip slightly nationwide, but diesel hits record highs in California and Washington. National gasoline average jumps 24 cents, diesel 27 cents. Experts attribute rise to seasonal demand and Middle East tensions. Four-dollar gasoline nationwide and multi-year diesel peaks may be on the horizon.
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US News Today | 2 Min News | The Daily News Now! — Gas Prices Dip, Diesel Hits Record Highs. Machine-transcribed; use the interactive transcript above to jump the player to any line.
On March 25, gas prices across the country dipped a bit today, with the national average sitting at $3.97 per gallon, as of 3.25 pm, eastern time, that's down about 1 cent and 4.10s from yesterday, though it's still up 8 cents from last week. Meanwhile, diesel prices hit record highs in California and Washington State, topping $7 per gallon in California, and over $6 in Washington. These spikes come amid global oil market jitters from disruptions in the straight of Hormuz. Fuel costs have climbed sharply lately, with national gasoline averages jumping 24 cents over the past week to around $3.92 on Monday. Diesel followed suit, rising 27 cents to $5.23 nationally. Experts point to seasonal demand plus those ongoing supply issues for middle east tensions as the main drivers. Align costs are feeling the pinch, and everyday drivers are noticing higher pump prices compared
to a month or a year ago. Looking ahead, gasoline could soon cross the $4 mark nationwide for the first time since 2022, while diesel keeps pushing toward. Multi-year peaks. Keep an eye on your local stations as these trends play out.
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