Diesel Price Hits Record High as Freight Forwarders Appeal to Merz for Relief
AAA says the national average has topped $6.23 a gallon as supply shocks squeeze freight costs and push more expenses to shoppers.
- On Thursday, diesel prices across the United States remained at record highs, with the national average exceeding $6 per gallon and California stations reporting prices above $8 per gallon, intensifying a historic supply crunch.
- Escalating conflict in the Middle East, including disruptions in the Strait of Hormuz and a Saudi Arabia pipeline shutdown, has tightened global supplies, while an Exxon Mobil refinery outage in Joliet further constrained Midwest fuel availability.
- Trucking companies like Fresno-based Wildwood Express report monthly fuel bills reaching $54,000, while farmers struggle to maintain margins during the critical fall harvest season as rising fuel costs force businesses to increase prices.
- Transportation Energy Institute expert John Eichberger wrote that increased operational expenses create a compounding effect, driving food inflation higher as shipping costs are passed to consumers, tightening margins for producers and retailers.
- GasBuddy analyst Patrick De Haan warned that national prices could approach $7 per gallon in coming days if constraints persist, as diesel-led inflation signals may keep term premiums elevated longer term.
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243 Articles
The energy market specialist advances that diesel must rise 4 cents and gasoline 2 cents. Still, it comes forward with a new proposal from CPI to Luís Neves.
Fuel prices in the Czech Republic continued to rise last week, but the rate of price growth slowed compared to the previous week, when prices rose by almost two crowns. A liter of the best-selling Natural 95 gasoline now costs an average of 44.29 crowns, while a liter of diesel is already 48.25 crowns. Since last Wednesday, gasoline has risen by seven haller, and diesel by 46 haller. This is according to data from the company CCS, which monitors…
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.
Diesel price rises to record high, calls for Chancellor Merz to take action
The average price of diesel fuel in Germany has risen to an all-time high, as pressure mounts on the government to take steps to ease the burden on motorists.
Chief of the Association warns: record diesel prices threaten freight forwarders and security of supply.
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