Gasoline and diesel prices are spiking
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 6 March 2026
⏱️ 7 minutes
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Summary
War in the Middle East has caused oil prices to spike, and — right on cue — gasoline prices have risen quickly. They’re up 34 cents in a week, according to AAA. That's the fastest price increase at the pump since 2022. And diesel prices just topped $4 a gallon this week, which will likely push up the cost of anything shipped by truck or train. Also on the program: a look at what's driving Texas supermarket construction.
Transcript
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| 0:00.0 | Topping up your gas tank, brace yourself. |
| 0:04.7 | From Marketplace, I'm Nancy Marshall Ginser, in for David Bancaccio. |
| 0:08.8 | War in the Middle East has caused oil prices to spike, and right on cue, gas prices have also risen. |
| 0:15.2 | They're up 34 cents in a week, according to AAA. |
| 0:18.6 | It's the fastest price increase at the pump since the start of |
| 0:21.9 | Russia's war on Ukraine back in 2022. Marketplace's Nova Safo has more. The average price for a |
| 0:28.7 | gallon of unleaded gas is now $3.32, according to AAA. A week ago, the average was below $3 and had |
| 0:35.8 | barely budged for weeks. Consumers tend to be sensitive to moves |
| 0:39.3 | in energy and food prices. The White House says it's checking with oil and gas CEOs about |
| 0:44.1 | possible countermeasures. But President Trump appears so far undeterred by prices at the pump, |
| 0:49.3 | telling Reuters in an interview, quote, if they rise, they rise. The president said he expects prices to drop again once the Middle East conflict subsides, |
| 0:59.0 | and he was not planning to tap the country's strategic petroleum reserve, which is currently |
| 1:03.5 | 57% full. |
| 1:05.8 | Generally, analysts agree that the inflationary impact from the war should be temporary, |
| 1:10.6 | but only if it's short-lived. |
| 1:13.0 | I'm Novosafo for Marketplace. |
| 1:15.3 | In addition to higher prices for regular gas, there's also this. Diesel fuel topped $4 a gallon |
| 1:21.8 | this week for the first time in almost two years. It's likely to get even more expensive, |
| 1:27.0 | and as Marketplace's Kaylee Wells reports, |
| 1:29.4 | even if you don't drive a diesel truck, this price spike is going to hit you. |
| 1:33.8 | Diesel's price is spiking way higher than crude oils. Morgan Bazillion at the Colorado School of Mines |
| 1:39.1 | says that's because that crude oil that comes from the Middle East is a little easier to get gasoline and diesel from than other types of oil. |
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