Diesel Prices Soaring in Washington
Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Diesel prices in Washington have surged, with a gallon now costing $6.20, a $1.40 increase since late February. This hike is primarily due to the Iran war disrupting global oil supplies. Trucking companies and other diesel users are feeling the pinch, with fuel costs jumping by thousands per trip. State fuel taxes also contribute, but the main factor is crude oil prices soaring 57% from $68 to $107 per barrel. The situation is dire for small haulers, with Metro alone facing $12,500 more daily for every 50-cent diesel hike. Experts warn of wider economic impacts, including inflation, trucking cutbacks, and potential bankruptcies.
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