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

0
11K


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
Oakland O/Ops plan walkout in protest of bill making them employees
Truck drivers planned a walkout at the Port of Oakland on Monday in protest of a bill they say...
By MEGA MISTAKES 2022-07-23 12:54:13 0 11K
Trucking News
Driver skips court one year after killing two while ‘pushing himself to make a delivery on time’
A warrant has been issued for a truck driver that skipped out on a court date for a wreck that...
By MEGA MISTAKES 2022-05-29 12:36:14 0 8K
Video
VIDEO: Truck hauling shingles topples while taking a turn, load shift suspected
A Facebook user captured the moment that a semi truck flipped onto a concrete barrier while...
By MEGA MISTAKES 2021-09-11 22:09:51 0 10K
Trucking News
Newly opened net truck arrestor ramp first of its kind in Virginia
A new net truck arrestor ramp has opened in the state of Virginia, making it the first to be...
By MEGA MISTAKES 2024-04-15 10:35:17 0 8K
Trucking News
Researchers want to know how truckers feel about driver-facing cameras
On Monday, the American Transportation Research Institute (ATRI) debuted a survey for...
By MEGA MISTAKES 2022-07-26 23:47:18 0 9K
Truck Drivers Life | Social Network for Truck Drivers https://www.truckdrivers.life