Summit Trucking president Bart Plaskoff said he was paying $70,000 more a week for diesel fuel as the shortage grew at Varney & Co. Dwindling diesel inventories have driven prices to a record premium over gasoline and crude oil, showing how war, weather and other disruptions in global energy markets continue to produce price shocks …
Diesel hits record premium over gasoline and oil Read More »
For the past six months, President Biden and his top advisers have been obsessed with gas prices, for obvious reasons. That’s because no price rattles consumers quite like the cost of gasoline, which hit a new high of $5 a gallon in June. It’s no surprise, then, that soaring gas prices correlate directly with Biden’s …
Biden overlooked diesel fuel inflation. Why it’s very bad for the economy. Read More »
A major U.S. diesel fuel supplier on Monday warned of a “shortage” of oil on the East Coast and suggested it could drive up prices for various consumer goods in the near term. But while diesel and gasoline inventories are lower than they have been in the past, the limited supply of diesel fuel is …
No, the United States will not run out of diesel fuel in 25 days Read More »
A major U.S. diesel fuel supplier warned of a “shortage” of oil on the East Coast on Monday and suggested it could drive up prices for various consumer goods in the near term. But while diesel and gasoline inventories are lower than they have been in the past, the limited supply of diesel fuel is …
No, the United States will not run out of diesel fuel in 25 days Read More »
