US average diesel price crosses $6 a gallon for the first time, GasBuddy says
XLE•Diesel price reaches record high as supply tightens
NEW YORK, Sept. 10 (Reuters) - The U.S. national average price of diesel on Thursday surpassed $6 a gallon for the first time ever, according to price tracker GasBuddy, as the U.S.-Israeli war on Iran and Ukrainian attacks on Russia’s refineries have squeezed supply.
Diesel underpins much of the world's economic activity, fueling the trucks, trains, ships and heavy equipment that keep supply chains running, as well as the farming industry. Rising fuel prices have weighed heavily on consumers this year who were already contending with inflation. They have become a pain point for President Donald Trump and Republican lawmakers trying to maintain thin majorities in the U.S. Congress in the midterm elections in November.
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A Reuters/Ipsos poll last month found Democrats held an eight-point advantage over Republicans on which party had the better approach to the cost of living. Trump acknowledged on Wednesday that relief from the oil-price surge may not come until after the election.
