California diesel prices hit record high amid supply crunch

Business & Finance
25 Mar 2026 • 2:14 PM MYT
The Sun Daily
The Sun Daily

For the latest news and features from Malaysia and the rest of the world.

image is not available

California’s diesel prices reach a record US$7.018 per gallon, driven by reduced refining capacity and global energy disruptions, impacting transportation costs.

LOS ANGELES: Diesel prices in California have surged to a record high. The American Automobile Association reported an average price of US$7.018 per gallon.

This figure marks the highest level recorded in the AAA’s database. The current national average price for diesel is about US$5.345 per gallon.

US media reports link the price spike to reduced oil-refining capacity and global energy shipment disruptions. California has lost two refineries since October 2025, cutting roughly 20% of its state capacity.

The soaring diesel costs are driving up transportation expenses. This increase threatens to ripple into higher prices for food, building materials, and retail goods shipped by truck.

Newswav Malaysia Best News App

Newswav is an online content aggregator and obtains its content from different online sources. The content in the app do not belong to Newswav nor do they reflect the opinions of Newswav and its staff. Your use of this app indicates your understanding and acceptance of this information.

Newswav Sdn. Bhd. (201701008480 (1222645-M)) 2026 All Rights Reserved