US diesel fuel prices hit record, could top $6 due to Russia's latest moves
In another blow to the U.S. economy, diesel fuel prices are skyrocketing to new records in reaction to Russia's move against its European neighbors.
The cost of a gallon of diesel fuel in the U.S. topped $5.25 a gallon Saturday, up 7 cents in a single day and 18 cents in a week, AAA's Fuel Gauge Report shows. That easily smashed the previous record of $5.13 a gallon set March 12
Diesel fuel is crucial to the American economy, powering big-rig trucks, locomotives and ships that bring the vast majority of goods to market. Higher diesel prices can easily translate into higher prices for food in supermarkets and for just about anything else sold in stores.
As diesel prices skyrocket, gasoline prices have moderated, falling more than 2 cents a gallon for the week to an average of $4.12 a gallon. The Biden administration ordered more oil pumped from the nation's Strategic Petroleum Reserve recently after an outcry about high gasoline prices.
https://www.msn.com/en-us/money/markets/us-diesel-fuel-prices-hit-record-could-top-dollar6-due-to-russias-latest-moves/ar-AAWGH8A