California diesel crisis: $9.99 per gallon
The diesel crisis in California has caused fuel prices to reach record levels, as one Shell station in San Diego offered diesel at $9.99 per gallon, the highest price ever recorded in the state. The average diesel price is currently exceeding $8 per gallon in California, with inventories falling to their lowest levels since 1998, and prices across the United States rising above $6 per gallon for the first time. The rising costs have eroded company profits, prompting many to increase their service prices, which adds inflationary pressures on consumers—especially since California heavily relies on diesel produced from oils and fats, further complicating the market and refining costs.
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