US Diesel Prices Surge to Record High of $5.85 Per Gallon
Retail diesel prices in the United States have climbed to a record $5.85 per gallon, significantly increasing transportation costs for businesses and consumers. The sharp price increase is attributed to tightening supply conditions and refining capacity constraints, raising concerns about wider economic impacts.
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US Retail Diesel Hits Record
US retail diesel rose to a record, threatening to further spike energy-driven inflation as wars in Iran and Russia roil the market. The widely used fuel climbed to a nationwide average of $5.85 a gallon at the pump on Thursday, according to the American Automobile Association. Ed Hirs, Energy Fellow at the University of Houston, discusses the record diesel prices and energy outlook ahead of the midterms. (Source: Bloomberg)
Read full article →US diesel hits record $5.85 a gallon: Why are fuel prices rising?
By KANCHAN YADAV
Read full article →US diesel prices hit a record high, pushing up transportation costs for a long list of goods
Diesel hit a record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time as the six-month war with Iran disrupts the world’s flow of fuel.
By Deborah Okailey Quarcoo
Read full article →Coverage Timeline
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