Diesel Prices Hit Record High of $5.85 Per Gallon
· Business · Axios, Financial Times, Yahoo Finance
The average price of diesel in the US reached $5.85 per gallon on Friday, surpassing the previous record set in 2022. According to data from AAA, this price surge is driven by ongoing global conflicts. Farmers, truckers, and freight companies are currently absorbing these increased operational costs. The report does not provide a specific timeline for when prices might stabilize.
Why it matters
Rising diesel costs increase transport and logistics expenses, which frequently leads to higher prices for consumer goods and agricultural products.
Read the original report — Axios
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.