The cost of diesel hit a new high on Tuesday, continuing the precipitous rise in prices driven by the war in Ukraine.
The national average for a gallon of diesel now stands at a record $5.37, according to the American Automobile Association, while the average price for gasoline is $4.204 per gallon. Gasoline is down slightly compared to the record $4.331 per gallon set on March 11.Prices for diesel in the northeast are standing out, with Maine and Connecticut both passing the $6 per gallon mark on Tuesday, per data from GasBuddy.
The chemical composition of diesel, a distillate fuel, also limits the yield of diesel a refiner can draw out of a given barrel of oil.
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