Diesel Prices Surge for 11th Week, Hurting Shippers
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Diesel prices surge for the eleventh consecutive week, reaching a record high of five dollars and forty-one cents per gallon. Despite a modest increase of two point six cents from last week, the overall jump since January is one dollar and ninety-four cents. This surge echoes late November 2022, when prices stayed above five dollars for thirty-two weeks due to Russias Ukraine invasion. Futures markets indicate even higher prices, with a recent settlement at four dollars sixty cents per gallon. Analysts predict more pressure on freight haulers due to tight supply chains and no quick policy fixes.
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