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Diesel fuel prices have dropped slightly as the White House mulls its options to address a diesel shortage in the Northeast.
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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.
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The national average diesel price at the pump topped the $5 mark for the first time in the week reported March 14, at $5.25. It has remained over $5 a gallon ever since.
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With diesel prices at or near record highs, HDT Talks Trucking shares tips from fuel-buying expert Glen Sokolis about how fleets can save money beyond better fuel mileage.
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Retail fuel prices have never increased so quickly on a percentage basis over a three-week period, according to the Department of Energy.
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Oil and diesel prices, already spiking, may get worse with President Biden's move to cut off crude oil imports from Russian in the wake of the invasion of Ukraine.
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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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Diesel prices have risen to their highest since the end of 2014, and crude oil prices don’t show signs of improving anytime soon.
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National on-highway diesel prices rose to $3.33 per gallon last week, as crude oil prices hit their highest level in more than six years.
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Diesel and crude oil prices are the highest recorded in years as consumption surges in the U.S.
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