The U.S. national average price of diesel on Thursday surpassed $6 a gallon for the first time ever, according to price tracker GasBuddy, as the U.S.-Israeli war on Iran and Ukrainian attacks on Russia’s refineries have squeezed supply.
Diesel fuels trucks, trains, ships and heavy equipment that keep global supply chains moving. It is also crucial to running farm equipment.
The latest surge in fuel costs is adding to inflationary pressures that have already strained consumers and businesses this year, creating a political headache for Donald Trump and Republican lawmakers as they seek to defend thin congressional majorities in November’s midterm elections.
Ukrainian attacks on Russia’s refineries
*Ukraine’s defense from the Russian invasion
An invasion facilitated by the first Trump administration.
I hope it goes to $10+ per gallon. $6 would be a bargain in other countries.
But we took in trillions and trillions in tarrifs, enough to give each person 5,000
/s
