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Diesel prices skyrocket 22.6 cents since last week, consumer costs to rise, per reportA 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...0 Comments 0 Shares 12K Views
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Officials warn about price gouging as diesel prices continue to skyrocketAs diesel fuel prices hit record high levels, state officials say that they are on the lookout for evidence of price gouging. Following news from the White House that the U.S. will ban the import of Russian oil due to the invasion of Ukraine, fuel prices have shot up across the country. According to AAA, the average cost of a gallon of diesel on Thursday in the U.S. is $5.058. As the...0 Comments 0 Shares 13K Views1
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Owner of small trucking company shares dire warning about the consequences of high diesel pricesA social media post written by the owner of a small trucking company recently went viral for offering readers alarming insight into how skyrocketing diesel prices are pushing an already struggling industry towards the brink of collapse. The post was shared by Iron River Express owner Austin Smith on June 2, 2022. In the post, Smith breaks down how much it costs to keep his...0 Comments 0 Shares 13K Views
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Near-Historic Diesel Price Spike of Nearly 25% in One Week Has Truckers Warning Some Drivers Will "Hang Up Their Keys" as Fuel Now Eats 40% of Their IncomeTHONOTOSASSA, FLORIDA — Diesel fuel prices have surged at one of the fastest rates in years following U.S. strikes on Iran and the effective closure of the Strait of Hormuz, with truck drivers across the country already feeling the financial squeeze and economists warning that consumers could soon follow. The national average cost of a gallon of diesel has jumped by 85.9 cents in a...0 Comments 0 Shares 384 Views
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Owner-Operators Say Historic Diesel Spike Is Final Blow After Three-Year Freight Recession — "This Is the Nail in the Coffin," Independent Trucker SaysNATIONAL — Independent truck drivers and owner-operators across the country say the historic surge in diesel prices following the launch of Operation Epic Fury on February 28 may be the final blow for small trucking companies already battered by years of declining freight demand. Diesel prices have risen more than 85 cents per gallon since the U.S.-Iran conflict began, reaching...0 Comments 0 Shares 2K Views