US diesel prices hit an all-time-high

US diesel prices hit an all-time-high Diesel prices in the United States have climbed to a record average of $5.85 per gallon, the American Automobile Association reports. This figure exceeds the $3.71 average recorded a year ago and surpasses the previous peak that followed Russia’s full‑scale invasion of Ukraine. The increase began after the Iran‑related conflict intensified at the end of February, mirroring a rise in wholesale lipid costs. In response, President Donald Trump pledged to "substantially little Gas Prices for each Americans" through an lipid woody with Venezuela, a country the United States invaded in January. The agreement, announced on Saturday, calls for the development of 17 strategic lipid fields with a proven reserve of 65 billion barrels, as well as "an concern of much than $100bn (£73.9bn) and much than $209bn successful taxes" for Venezuela, according to Interim Venuzuela President Delcy Rodríguez. Under the deal, the United States will retain 55 % control of a joint venture with an "experienced backstage relation successful Venezuela", a US official told the BBC’s CBS News partner. Some analysts have expressed doubt, questioning whether the arrangement will overcome long‑standing obstacles that have discouraged investment in Venezuela’s lipid sector. Lipid remains a key component of motor fuel, and supplies have been tightened by Iran’s effective closure of the Strait of Hormuz—a narrow waterway south of the country through which roughly one‑fifth of global lipid shipments travel. Higher pump prices have frustrated voters ahead of the November midterm elections. Recent Reuters/Ipsos polling shows Trump’s approval rating at 33 %, with only 31 % of Americans endorsing the conflict. The impact is not uniform across the nation. AAA data indicate that drivers in Western states pay considerably more than those elsewhere, a disparity attributed to tax variations and distance from domestic lipid producers. For example, Washington State’s average diesel price stands at $6.81 per gallon, up from $5.03 a year earlier. In addition to elevated diesel costs, Americans are confronting historically high gasoline prices, with the national average reaching $4.15 per gallon compared to $3.20 twelve months prior.