- Average US diesel prices reached $6.505 a gallon on Saturday, the first time above $6.50, according to AAA data cited by Bloomberg.
- Prices have climbed more than 87 cents in September, with increases accelerating almost daily and surpassing the 2022 peak.
- The rally is war-driven and rippling through the economy, feeding inflation pressure.
Quotes
“Average nationwide prices rose to $6.505 as of Saturday, according to the American Automobile Association.”
“US retail diesel prices topped $6.50 a gallon for the first time, extending a war-driven rally that’s rippling through the economy.”