- The average US retail diesel price hit a record-high $6.52 per gallon on Sept. 22 and rose even higher in some places.
- Diesel and other petroleum product prices continue to climb due to a prolonged decline in exports from the Middle East and Russia.
- Refinery capacity shortages in the US and Europe and possible American export restrictions are exacerbating supply tightness.
Quotes
“The average U.S. retail diesel price for drivers hit a record-high $6.52 per gallon on Sept. 22 and climbed even higher in some places.”
“Prices for diesel and other petroleum products continue to climb amid a prolonged decline in exports from the Middle East and Russia, a situation exacerbated by shortages in refinery capacity in the U.S. and Europe and possible American export restrictions.”