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Local Drivers Feel Sting of Soaring Gas Prices
- U.S. retail diesel prices reached $6.505 per gallon on Saturday, the American Automobile Association reported, marking the first time the national average has topped $6.50.
- The US-Iran war has squeezed global fuel supplies, curtailing shipments through the vital Strait of Hormuz as the United States and Iran vie for control of the critical maritime chokepoint.
- Ukrainian drone strikes hit the Moscow Oil Refinery during the largest overnight barrage this year, while Russia has banned most fuel exports through October, compounding supply constraints.
- Diesel runs the country's trucks, farm equipment, trains, and home-heating systems, though most American drivers never fill passenger cars with the fuel, making the spike economically consequential.
- Despite the surge, prices remain below their 2022 inflation-adjusted highs, according to the Washington-based Institute for Progress, offering narrow consolation amid persistent geopolitical tensions.
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46 Articles
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U.S. Diesel Reaches Record $6.51 as Global Fuel Supplies Tighten
The national diesel average climbed to an all-time high Monday as disruptions involving the Strait of Hormuz and Russian refineries tightened global supplies, increasing costs ... The post U.S. Diesel Reaches Record $6.51 as Global Fuel Supplies Tighten first appeared on [your]NEWS.
Coverage Details
Total News Sources46
Leaning Left5Leaning Right10Center12Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 19%
C 44%
R 37%
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