Diesel Price Hits Record High as Freight Forwarders Appeal to Merz for Relief
- On Wednesday, the national average for diesel fuel reached $6.31 per gallon, surpassing the $6-per-gallon mark amid supply constraints from the Iran war, with California prices nearing $10 per gallon.
- Farmers are struggling to harvest essential crops as costs surge; the American Farm Bureau Federation forecast $31 billion in sector losses this year while many pay $7 per gallon to fuel equipment.
- President Donald Trump claims a 'historic' deal with Venezuela and control of the Strait of Hormuz will lower costs, but John Boyd, founder of the National Black Farmers Association, stated, 'Based on 10-dollar diesel fuel we are losing the war.'
- Senator Kirsten Gillibrand, D-NY, introduced the BAD DEAL Act to repeal Trump's tariffs, calling the president's policies 'a disaster' and his war in Iran 'a complete failure.'
- While JPMorgan investment strategist Kriti Gupta argues the economy can weather record-high fuel prices, the American Farm Bureau Federation projects sector losses will reach $32 billion by 2027.
192 Articles
192 Articles
About 1800 euros extra costs per truck per month: The sharp rise in diesel prices puts transport companies in distress, according to their association. However, the industry considers the proposal of Minister Reiche to be ineffective.
Chief of the Association warns: record diesel prices threaten freight forwarders and security of supply.
The prices of diesel and gasoline have reached a new all-time high in Germany. Since the war began in the Middle East, fuel prices have reached a dizzying level. Whether and how the Federal Government will counter this is still unclear.
derwesten.de
Fuel prices in Germany reach unprecedented highs. Drivers have to reach deeper and deeper into their pockets.
Record prices for diesel are a massive burden on the transport industry. Freight forwarders demand that Chancellor Friedrich Merz introduce a commercial diesel and put an end to double CO2 emissions.
Exploding diesel prices are putting the transport industry in distress. In an open letter to Chancellor Merz, the freight forwarders' association BGL demands targeted relief instead of a VAT reduction.
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