Is there a diesel fuel shortage? Low diesel stockpiles don't mean the country will run out, but they do mean higher diesel prices, especially in the Northeast where stocks are the lowest and diesel faces competition from fuel oil.
OPEC+ announced a 2-million-barrel-a-day cut in oil production during a meeting on Wednesday, which could send fuel prices back up.
What’s up with fuel prices? What in the world is an electrofuel? Who is working to keep deliveries cold? And what made us smile this month? Learn all of this and more in this week's video news recap!
Find out what's happening with diesel prices, ASE, GMC, Walmart, Volvo, RealTruck and so much more!
National average diesel fuel prices were $5.57 per gallon as of July 11, 2022. This average price represents a decrease of 10 cents from the prior week and an increase of $2.23 over the same time last year.
Diesel fuel prices have dropped slightly as the White House mulls its options to address a diesel shortage in the Northeast.
The average price of a gallon of diesel fuel hit a new high this month, besting the last week’s record high by 11 cents.
National average diesel fuel prices were $5.10 per gallon as of April 18, 2022, according to the U.S. Energy Information Administration (EIA).
Retail fuel prices have never increased so quickly on a percentage basis over a three-week period, according to the Department of Energy.
Russia’s invasion of Ukraine could have ripple effects throughout the supply chain and trucking, as oil prices have soared and cyber security experts say cyber attacks won’t likely remain inside Ukraine’s borders.
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