Gold and CommoditiesRetail Diesel Prices Surge to Fresh Record High Amid Tight SuppliesSavePrintThe prices for a liter of diesel and various grades of gasoline are seen on a gas pump at a gas station, in Burnaby, B.C., on March 2, 2022. The Canadian Press/Darryl DyckAndrew Moran5/12/2022|Updated: 5/12/2022Retail diesel prices hit another record high of $5.557 per gallon on May 12, according to the American Automobile Association (AAA).The cost of a gallon of diesel, which has risen 1.5 percent over the past week, is 10.5 percent higher than a month ago.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentAndrew MoranAuthorAndrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."Author’s Selected ArticlesNestlé Announces 16,000 Layoffs as Food Giant Accelerates AI StrategyOct 16, 2025Dual Stock and Gold Boom Reveal Divided Economic OutlookOct 16, 2025US Expects Japan to Halt Russian Energy Imports, Bessent SaysOct 16, 2025US Firms Reluctant to Pass Tariff Costs to Consumers: Beige BookOct 15, 2025Related Topicsgasolinediesel