US Diesel Prices Rise Past $6 a Gallon for First Time Ever
Record diesel prices are expected to raise shipping, farming and heating costs as global supply disruptions and refinery outages tighten supplies, analysts said.
- 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.
42 Articles
42 Articles
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.
The diesel price in the United States has risen to record levels. A gallon (3.8 liters) cost an average of more than 6 dollars for the first time, according to the American Automobile Association (AAA) car lobby club. Rising prices are a problem for President Donald Trump's Republican Party in the run-up to the midterms, the U.S. midterm elections in November.
The price of diesel in the United States reached a new record today, exceeding the threshold of $ 6 per gallon (3.78 liters) for the first time, Agence France-Presse reported, BTA reported. According to the American Automobile Association (AAA), the price of a gallon of diesel today averaged around $ 6.06, exceeding this symbolic threshold for the first time. On world markets, oil continues to rise in price, pushed up by the war in the Middle Ea…
This price increase is very unpopular in the United States and could play on the US mid-term legislative elections in early November.
The price of the diesel gallon reached a record $6. That's bad news for Donald Trump, as the mid-term elections approached....
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