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Spiking Diesel Costs Could Make Everything From Shipping to Groceries More Expensive
Diesel prices surged over 40% since the Iran conflict began, with 22 U.S. states now averaging above $5 per gallon, impacting key industries relying on fuel.
- On March 16, the American Automobile Association recorded a national diesel average of $5.044 a gallon, pushing retail diesel above $5 for the first time since December 2022.
- Regional disruptions tied to the war in Iran and a largely closed Strait of Hormuz have tightened refined-product flows, while South Korea's Industry Minister set export caps and China's refiners canceled cargoes.
- Logistics firms report immediate cost pressure and faster rate adjustments, with Girteka Logistics, CEO Pavel Kveten, noting fuel costs can influence transport rates within days as diesel powers freight, agriculture and construction.
- Truck drivers can trim fuel use by slowing and cutting idle time, as reducing speed from 75 to 65 mph cuts fuel use by 27% and cutting idling by 30 minutes saves about 0.4 gallons.
- Experts warn consumers may feel the impact this Spring as jet fuel rises above $200 a barrel and fuel oil nears $140, prompting protectionist export limits that tighten markets.
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13 Articles
13 Articles
The IndependentReposted by 
The Independent (US)
The Independent (US)US diesel tops $5 a gallon in worrying sign for shipping and food costs
‘The costs of all products will rise,’ an energy economist said
·London, United Kingdom
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Spiking diesel costs could make everything from shipping to groceries more expensive
The pain of rising fuel costs is pinching American wallets, particularly when it comes to diesel.The average price for a gallon of regular gas on Tuesday was $3.79, up 30% from a month ago. And a gallon of diesel now costs more than $5, up nearly 40 percent.Most cars on the road dont fill up with diesel, but its the lifeblood of some major industries."It's really the commercial sector. So, any business that is using transportation either directl…
Coverage Details
Total News Sources13
Leaning Left4Leaning Right0Center8Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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