US Diesel and Gasoline Prices Rise in Late February 2026

Gasoline and diesel fuel prices in the United States are experiencing an upward trend as of late February 2026, with diesel prices reaching levels not seen since March 6, 2025. This increase impacts consumers and potentially logistics and transportation costs.

Current Price Overview (February 24, 2026)

According to data released by the U.S. Energy Information Administration (EIA) on February 24, 2026, the national average retail price for regular gasoline is $2.937 per gallon. Diesel fuel currently averages $3.809 per gallon nationally, as of February 23, 2026.

Gasoline Prices

• U.S. Average: $2.937/gallon
• East Coast (PADD1): $2.834/gallon
• West Coast (PADD5): $4.111/gallon
• California: $4.441/gallon
• Gulf Coast (PADD3): $2.532/gallon

Diesel Prices

• U.S. Average: $3.809/gallon
• East Coast (PADD1): $3.843/gallon
• West Coast (PADD5): $4.143/gallon
• California: $4.407/gallon
• Gulf Coast (PADD3): $2.534/gallon

Factors Contributing to Price Increases

The rise in fuel prices is attributed to a combination of factors, including increased price lists from major distributors and adjustments to excise duties. A five-cent-per-liter increase in the excise duty on diesel went into effect on January 1, 2026, offset by a reduction on gasoline. This change aimed to address the historical tax advantage of diesel fuel and encourage a transition to electrified vehicles.

Regional Variations

Price fluctuations vary significantly by region. The West Coast, particularly California, consistently experiences higher prices than other areas of the country. As of February 23, 2026, California’s average gasoline price is $4.441 per gallon, while diesel averages $4.407 per gallon. The Gulf Coast region currently has the lowest gasoline prices at $2.532 per gallon.

Impact on Consumers and Logistics

Rising fuel costs place a financial burden on consumers, particularly those with older, less fuel-efficient vehicles. The increase also has the potential to impact transportation and logistics industries, potentially leading to higher costs for goods and services. The YCharts data indicates a 2.64% increase in the US Retail Diesel Price from the previous week and a 3.59% increase from one year ago.

Looking Ahead

The EIA’s next gasoline release date is March 3, 2026, and the next diesel update will be available on the same date. Continued monitoring of fuel prices and the factors influencing them will be crucial for both consumers and businesses in the coming weeks.

Sources:

• U.S. Energy Information Administration – Gasoline and Diesel Fuel Update
• YCharts – US Retail Diesel Price