Diesel hits record high as Ukraine and Iran wars knock out refineries, fueling inflation worries
U.S. truckers are paying $5.85 a gallon on average, as refinery outages in Ukraine, Russia and the Middle East tighten supply.
6 Articles
6 Articles
Diesel prices hit record high as wars disrupt supply
Diesel prices have hit an all-time high as the wars in Iran and Ukraine disrupt global fuel supplies. On Friday, the average price of diesel in the United States reached $5.85, surpassing the previous all-time high of $5.81 per gallon set in May 2022 following Russia’s invasion of Ukraine. The national average was $5.29 per […]
Diesel prices hit an all-time high, pressuring economy ahead of midterms
US diesel prices raced up to an all-time high on Friday, crossing into new heights as wars in Iran and Russia-Ukraine keep structural pressure on an already tight market for the world's "workhouse fuel." Prices on Friday climbed to $5.85 per gallon in the retail diesel market, per data from AAA,…
Record price of diesel in the US with wars in Ukraine and Iran dropping refineries increases global inflation pressure
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