US diesel prices surge, nearing gasoline costs, stoking inflation fears
Diesel prices have risen about twice as fast as gasoline, costing consumers $112 billion more at the pump since the start of the Iran war. Refineries are operating at 97% capacity. The national average diesel price was $6.51 on Sept. 21, up 76% from a year ago, while gasoline prices rose 41% to $4.48.
Freight fuel costs have climbed at roughly twice the pace of gasoline used by motorists, with the result likely to be higher shipping costs and more inflation. Consumers have spent $112 bln more at the pump since the start of the Iran war. With refineries operating at 97% capacity, the strain is expected to intensify. On September 15, US Senate Republican leader John Thune said he is open to looking at a diesel export ban.
Iowa Senator Chuck Grassley called for a ban on September 19. 51 on September 21, according to the American Automobile Association, or 76% above a year earlier. 48.