US gasoline at $4.12/gal, diesel at $5.65/gal set seasonal record highs

Retail gasoline and diesel prices in the US are at their highest seasonal levels ever, a pain point for consumers looking ahead to summer travel.

While fuel costs have eased slightly in recent days as oil markets weigh the possibility of a US-Iran deal to end the war, retail prices are still elevated — especially for this time of year. Gasoline averaged $4.12 a gallon on Monday, according to the American Automobile Association.