U.S. retail diesel price hits record $5.85 per gallon
- 1U.S. retail diesel prices hit an all-time high of $5.85 per gallon on Thursday.
- 2According to AAA data, the price surpassed the June 2022 peak, driven by a refined-fuel crunch from Strait of Hormuz disruptions and Ukrainian drone attacks on Russian energy infrastructure.
- 3Diesel powers trucks, construction equipment, tractors, generators, and home heating, threatening a resurgence of energy-driven inflation ahead of harvest and heating seasons.
This 3-line summary is compiled from the report below.
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