3 Hrs
Source:
CNN Arabic
Diesel Costs Reach New Highs in US
The unprecedented surge in diesel prices threatens the global energy supply chain and intensifies inflationary pressures on companies and consumers, especially in the United States, which is experiencing a severe shortage of stocks. Diesel prices have reached an all-time high of approximately $5.85 per gallon, surpassing the previous record set in 2022, after skyrocketing over 60% since the beginning of the year. This increase is attributed to the shutdown of three of the world's largest refining centers and a reduction of diesel inventories by up to 40% in some regions, raising concerns about a potential diesel shortage that could impact the transportation sector and major economic industries, with expectations that it will lead to higher costs for products and services for consumers.
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