Higher Diesel Prices Put Pressure on Central Florida Truck Drivers, Farmers
AAA said the national average reached $6.45 a gallon as tighter global supplies and refinery disruptions lifted fuel costs for harvest and trucking.
- On Wednesday, the national average for diesel reached a record $6.31 per gallon, according to the American Automobile Association , marking the highest fuel cost in U.S. history.
- The U.S. war with Iran and Ukrainian attacks on Russian refineries have disrupted global crude oil flows, crippling refining capacity and tightening diesel supplies sharply .
- Fifth-Generation Illinois farmer John Bartman told ABC News that soaring diesel and fertilizer costs have vastly impacted his agricultural production, with diesel exceeding $6 per gallon and fertilizer over $120 per acre this year.
- Higher fuel costs are filtering through the supply chain, forcing retailers to consider price hikes on grocery essentials like produce and meat as consumers face mounting inflationary pressure.
- Analysts expect diesel prices to remain elevated through the November midterm elections as geopolitical conflicts show no signs of de-escalation, threatening potential bankruptcies among small trucking firms.
138 Articles
138 Articles
The average cost of diesel fuel in the United States has been updated to an historical maximum of $6.48 per gallon (about 3.8 litres), according to the American Automobile Association. The average price of diesel fuel in the United States has risen by four cents per day, and in a week by almost eight cents, transfers RIA News. The average price in the country now exceeds $6.48 per gallon, which is equivalent to about 3.8 litres of fuel. A year a…
Indiana Farmers Face Higher Diesel Costs
STATEWIDE — Indiana farmers are starting harvest with diesel prices much higher than they were a year ago. Diesel is averaging about $6.71 a gallon in Indiana, according to AAA. That’s up from $3.78 during last year’s harvest season. Some stations are charging even more. FOX 59 found diesel selling for $7.19 a gallon at […]
Fox 59 Indianapolis
TRISTATEHOMEPAGEDiesel prices surge past $7 per gallon, squeeze Indiana farmers as harvest begins
BOONE COUNTY, Ind. — According to AAA, Indiana hit its highest recorded diesel price average ever at $6.53 per gallon on Friday. Eye-popping prices are now appearing around central Indiana, some topping more than $7 per gallon. "To me, it doesn't make sense to go buy a whole bunch of fuel at $7 a gallon," [...]
Record diesel prices are set to rip through the U.S. economy. Trucks and rails are only the start
According to a report from CNBC, diesel is being called the U.S. economy’s single most universal tangible input, and that means pain now hitting truckers and railroads will eventually reach households if record prices hold. The energy shock tied to wars in Ukraine and Iran could push home heating oil costs up by more than […]
Pain at the pump: diesel prices hit record high in the tri-state
NEW YORK CITY (PIX 11) — Diesel prices in the United States have hit another record high, now averaging $6.43 a gallon, up more than 40 cents from just last week, according to AAA. “Definitely too high,” said Brian Grayson, a motorist. “I remember when gas used to be a dollar and something a gallon.” [...]
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