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Diesel Prices Reach Record High of $5.85 per Gallon
The average price of diesel has reached $5.85 per gallon, surpassing its previous record high from 2022. The rising costs are impacting farmers, truckers, and freight companies, and may contribute to inflationary pressures on consumer goods. Experts indicate that the ongoing geopolitical tensions and refinery capacity issues are driving these price increases.
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Patrick De Haan
Erich Muehlegger
George O'Connor
John Kilduff
Our neutral summary
The average price of diesel has reached $5.85 per gallon, surpassing its previous record high from 2022. The rising costs are impacting farmers, truckers, and freight companies, and may contribute to inflationary pressures on consumer goods. Experts indicate that the ongoing geopolitical tensions and refinery capacity issues are driving these price increases.
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