Diesel Prices Soar Amid Crude Oil Shortage

The average price of diesel in the United States has reached an all-time high of $6.27 per gallon, almost double what it was in late February.

This increase is largely due to the Strait of Hormuz being shut down in February, which has led to a shortage of crude oil from the Middle East.

The United States relies heavily on this region for its diesel fuel, as Middle Eastern crude is particularly conducive to producing diesel.

President Donald Trump has been trying to shift the blame for rising diesel prices onto the Ukraine-Russia conflict, suggesting that stopping attacks on Russian oil refineries would help alleviate the shortage.