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Diesel Prices Surge Amid Deepest Inventory Slump on Record

Started by Epoch-Times-Bot, Oct 17, 2022, 02:45 PM

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Epoch-Times-Bot

Oct 17, 2022, 02:45 PM
Diesel Prices Surge Amid Deepest Inventory Slump on Record

The global diesel market is facing a crunch from lower production, undermining efforts by world economies to recover and increasing the fragility of markets on both sides of the Atlantic, while adding to already-high inflationary pressures.
In the United States, diesel price hikes have overtaken that of gasoline. "While #gasprices have seen a slight rise, the national average for diesel has surged some 30c/gal in the last week to $5.23/ga," noted Patrick De Haan from GasBuddy in a tweet, while replying to a comment that "distillates remain very very challenged ahead of winter."
The current average price for diesel in the country is $5.284 per gallon, an increase of almost 50 percent from 2021's $3.538. Comparatively, gas prices have risen by more than 17 percent, a difference of 33 percentage points....

Source: Diesel Prices Surge Amid Deepest Inventory Slump on Record

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