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Diesel Prices Jump 10 Cents Overnight and Could Set New All-Time Record
Key Takeaways
- The national average diesel price jumped nearly 10 cents overnight to $5.7862 from $5.6879.
- A record high of $5.8159 could be broken within days; diesel was $3.7047 a year ago.
- Supply pressures come from Middle East airstrikes on refineries and Ukrainian strikes on Russian refineries, hitting the world's second-largest diesel exporter.
- U.S. diesel stockpiles in late August hit seasonal lows not seen since 1980s, per EIA.
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DT Editorial Team··via jalopnik.com