24 Hrs
Source:
المشهد العربي
US diesel prices surpass $5.60
Diesel prices in the United States have experienced a significant rise, reaching an average of $5.687 per gallon, the highest level since April. This increase is attributed to escalating tensions with Iran and disruptions in oil supplies caused by new unrest in the Middle East and the Russia-Ukraine conflict. The rise heightens inflation risks, particularly in the transportation, agriculture, and construction sectors, and puts pressure on the Federal Reserve to raise interest rates to combat potential inflation. Additionally, there are calls from the Trump administration to boost domestic production of diesel and gasoline ahead of the November midterm elections.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)