Gasoline and diesel prices are spiking
Marketplace All-in-One
Marketplace
4.5 • 1.4K 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 | Programming is supported by Stoll Reeves, a leading U.S. corporate litigation law firm providing sophisticated business clients' high-quality legal services with offices in seven states and Washington, D.C. |
| 0:12.6 | Stole Reeves is a nationally recognized leader in project finance and natural resources industries. |
| 0:18.9 | From deals and disputes to compliance and counseling, clients turn to |
| 0:22.6 | Stole Reeves for their most complex business challenges. Learn more at s-o-e-l-com. |
| 0:31.2 | Topping up your gas tank? Brace yourself. From Marketplace, I'm Nancy Marshall Genser |
| 0:37.0 | in for David Bancaccio. War in the Middle East |
| 0:39.9 | has caused oil prices to spike, and right on cue, gas prices have also risen. They're up 34 cents in a |
| 0:47.0 | week, according to AAA. It's the fastest price increase at the pump since the start of Russia's war |
| 0:52.7 | on Ukraine back in 2022. |
| 0:55.3 | Marketplaces Nova Safo has more. |
| 0:57.8 | The average price for a gallon of unleaded gas is now $3.32, according to AAA. |
| 1:02.8 | A week ago, the average was below $3 and had barely budged for weeks. |
| 1:07.6 | Consumers tend to be sensitive to moves in energy and food prices. |
| 1:12.1 | The White House says it's checking with oil and gas CEOs about possible countermeasures. But President Trump appears so |
| 1:17.3 | far undeterred by prices at the pump, telling Reuters in an interview, quote, if they rise, |
| 1:22.7 | they rise. The president said he expects prices to drop again once the Middle East conflict subsides, |
| 1:29.1 | and he was not planning to tap the country's strategic petroleum reserve, which is currently |
| 1:33.5 | 57% full. Generally, analysts agree that the inflationary impact from the war should be temporary, |
| 1:40.7 | but only if it's short-lived. I'm Novosafo for Marketplace. In addition to higher prices for |
| 1:47.0 | regular gas, there's also this. Diesel fuel topped $4 a gallon this week for the first time in |
| 1:53.2 | almost two years. It's likely to get even more expensive. And as Marketplace's Kaylee Wells reports, |
| 1:59.5 | even if you don't drive a diesel truck, this price spike is going to hit you. |
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