Price of diesel hits all-time high, straining the trucking industry

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The price of diesel hit an all-time high in the United States this week as energy markets around the world cope with ongoing disruptions amid Russia's invasion of Ukraine.

The high cost of diesel is being partially passed on to consumers for everything from electronics to groceries.

Gas prices are displayed at a gas station in Long Beach, Calif., Wednesday, March 9, 2022. The average price for a gallon of gasoline in the U.S. hit a record $4.17 on Tuesday as the country prepares to ban Russian oil imports. "To cover the increased cost of diesel, truckers must increase the rates charged to haul freight. These increased rates are then passed on to consumers via higher costs at the retail level," Ron Faulkner, the president of Faulkner Trucking and 2022 president of the California Trucking Association, wrote in an op-ed at the"So, you are paying for high prices of fuel both at the pump and at the grocery checkout line.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Biden needs to remove all the restrictions on drilling for gas and oil.

We don't buy bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people how to earn 0.1BTC ($4,000) and more daily! No referral No withdrawal fees If interested, kindly send a DM

A friend of mine is having difficulty paying for diesel to run the family owned business which encludes the operation of diesel trucks. Too much too fast, Rome was not built in a day. The Dems political agenda is destroying our economy and the welfare of the public. STOP!

And yet diesel is so cheap that protesting truckers could afford to drive aimlessly in circles around Washington DC. Diesel is cheap.

It's like they are doing all they can to destroy the economy on purpose.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in AU

Australia Australia Latest News, Australia Australia Headlines