US EditionU.S. Average Diesel Tops $5 a Gallon as Middle East Conflict Strains Economy
6 Articles
6 Articles
U.S. average diesel tops $5 a gallon as Middle East conflict strains economy
Diesel prices in the United States have surged past five dollars a gallon for the second time in history. This spike is driven by supply disruptions in the Middle East due to ongoing conflict. Experts warn this could impact global economic activity and consumer costs. The situation puts pressure on President Donald Trump's Republican Party ahead of upcoming elections.
Trump gets roasted as diesel prices soar to historic highs: 'War on truckers'
President Donald Trump caught flak from political analysts and observers on Monday as the average cost of diesel fuel in the U.S. reached historic highs. AAA reported that the average cost of diesel fuel in the U.S. reached $5 per gallon for just the second time in history. The other time it reached $5 per gallon was during the COVID-19 pandemic. The average cost of energy in the U.S. has risen sharply since the Trump administration decided to c…
The governor of New York, Democrat Kathy Hochul, attacked President Donald Trump on Monday for the 21% and 28% increase in gasoline and diesel prices, respectively, since the war began with Iran on 28 February. Specifically, New Yorkers have seen an increase of 62 cents per gallon in gasoline and diesel prices of $1.13 per gallon, and exceeded $5 per gallon on 13 March, according to data from the New York Energy Research and Development Authorit…
US Average Diesel Prices Cross $5 a Gallon as Middle East War Tests Global Economy
U.S. average retail diesel prices crossed $5 a gallon for only the second time ever on Monday as the war in the Middle East squeezes supplies of the industrial fuel, according to fuel markets tracker GasBuddy. Economists have warned that surging diesel prices could slow global economic activity as the fuel is used in manufacturing and freight, and higher costs to make and move goods are passed on to consumers. Fuel price inflation could also pos…
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