US Diesel Prices Spike Raising Economic and Energy Sector Alarms
US diesel prices have risen for 14 consecutive weeks, reaching $2.801 per gallon, a recent high. Key drivers include crude oil prices, limited drilling activity, and a slow economic recovery. The price increase is expected to raise costs for transportation, agriculture, and construction, potentially triggering inflation. Businesses and individuals should improve fuel efficiency and adopt alternative fuels. The government may consider intervention to alleviate the pressure.









