Diesel prices skyrocket 22.6 cents since last week, consumer costs to rise, per report

0
12K


A Monday report from GasBuddy showed a startling increase in the national average cost for a gallon of diesel.

 

According to a GasBuddy news release on May 9, the national average price of diesel has risen 22.6 cents in the last week and now stands at $5.52 per gallon.

AAA data shows a similar increase in costs, with today’s national average cost for a gallon of diesel at $5.540, compared to $5.321 a week ago, a 23 cent difference.

 

GasBuddy analyst Patrick De Haan pointed to reasons for the rising costs and looked at how American consumers will be affected.

“Gasoline and diesel prices alike saw strong upward momentum last week as oil prices continued to climb after the EU signaled its desire to sanction Russian oil. In addition, U.S. petroleum inventories saw yet another weekly decline as we near the start of summer driving season. Not only are diesel prices at a record high, they are at their largest differential to gasoline on record, surpassing the 98-cent difference in 2008 and currently standing at a $1.20 per gallon premium. While motorists filling with gasoline have seen a slight rise in prices, diesel’s surge will be a double whammy as diesel prices will soon be passed along to retail channels, further pushing up the cost of goods,” De Haan said.

Diesel supply issues have been reported on the East Coast, according to several news outlets.


Buscar
Patrocinados
Categorías
Read More
Trucking News
$35 million worth of meth seized from truck hauling strawberry purée
U.S. Customs and Border Protection (CBP) recently seized a “mammoth” amount of...
By MEGA MISTAKES 2022-04-25 14:50:18 0 15K
Trucking News
Coming in hot: Trucker takes turn too fast, ends up learning the hard way
The terrifying moment that a truck overturned on a ramp in downtown Louisville, Kentucky, was...
By Truck Drivers Life 2020-12-13 18:30:08 0 17K
Trucking News
Trucker beaten with hammer by pair of men in breakdown lane
Trucker beaten with hammer by two men in apparent road rage incident on Interstate 495 in...
By MEGA MISTAKES 2024-03-26 18:52:25 0 9K
Video
Tornado Tosses Tractor Trailers Off I-70 in Kansas, Leaves Trail of Destruction
GRINNELL, Kan. — A powerful tornado tore across Interstate 70 on Sunday, May 18, hurling...
By Truck Drivers Life 2025-05-20 01:53:22 0 4K
Trucking News
Driver Survives Fiery Semi Crash Off I-65 in Downtown Louisville
A semi-truck crash on Interstate 65 in downtown Louisville Friday morning caused major traffic...
By American Truck Drivers 2025-06-13 21:12:32 0 2K
Truck Drivers Life | Social Network for Truck Drivers https://www.truckdrivers.life