US Diesel Prices Hit Record High Amid Global Market Volatility

Diesel prices in the U.S. have reached a record high of $5.85 per gallon, according to GasBuddy.

This surpasses the previous record set in June 2022 at $5.82 per gallon.

Petroleum analyst Patrick De Haan notes that 'diesel is the fuel that moves the economy.'

The increase in diesel prices has been driven by a mix of geopolitical tensions, supply disruptions, higher crude oil prices, reduced refining capacity, and tight fuel inventories.