What $5 diesel fuel means for the U.S. economy
By Neil Irwin
Published on March 17, 2026.
The price of diesel has risen to $5 per gallon in the U.S., creating new inflationary pressure on all aspects of the industry. The average retail price for a gallon of diesel is $5.04, up from $3.65 a month ago. This will affect the future of transportation, particularly for heavy, bulky and inexpensive goods.
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