US Diesel Prices Rise Past $6 a Gallon for First Time Ever
- On Friday, the U.S. national average diesel price reached $6 per gallon for the first time in history, according to GasBuddy data, marking a record high that surpasses the previous $5.82 record set in June 2022.
- Conflict between the U.S. and Israel against Iran, coupled with Ukrainian attacks on Russian refineries, disrupted shipping through the Strait of Hormuz, which previously carried roughly one-fifth of global oil supply.
- Energy Information Administration data shows U.S. diesel inventories stand 13% below their five-year average, while Andy Lipow, president of Lipow Oil Associates, noted the world has lost nearly 8% of its diesel supply.
- GasBuddy analyst Patrick De Haan warned that record diesel prices will "reignite inflation up and down the supply chain," with the spike already costing Americans more than $46 billion since the war in Iran began.
- Rising fuel costs create a political headache for President Donald Trump and Republican lawmakers as they defend thin congressional majorities in November's midterm elections, with analysts expecting these costs to reach consumers over the next several weeks.
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Observador
Noticias ao MinutoPrice increases are unusual in the United States and may have an impact on the mid-term elections, which will take place in early November.
The average price of diesel in the United States has exceeded $6 per gallon for the first time in history due to the war between the US and Iran and Ukrainian attacks on Russian refineries. According to analysts, more expensive diesel could gradually increase the cost of transporting almost all goods and re-invigorate inflationary pressures.
While the war unleashed by Donald Trump against Iran and the Ukrainian attacks against Russian refineries stifle fuel supplies globally, diesel prices in the United States have reached the record level of $6.06, as reported by the American Automobile Association, exceeding the previous record of $5.82 recorded in the [...] The US article, historical record for diesel, broke the roof of $6: +61% over a year ago comes from Il Fatto Quotidiano.
Diesel Prices Cross $6 For The First Time—Heigtening ...
The US engine price reached a new record on Friday, exceeding the $6 per gallon threshold, on the background of the Middle East war, rising oil prices and Ukrainian attacks on Russian refineries, France Presse broadcasts. The average price of a gallon (3.78 liters) stood at $6.06, surpassing for the first time this year.
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