US Diesel Prices Reach New Peak Amid Falling Crude Inventories

The average price of diesel in the United States has reached a record high of $6 per gallon. This surge coincides with a decline in US commercial crude oil inventories by 400,000 barrels last week, bringing the total to 424.1 million barrels, and a 1.2 million barrel decrease in the Strategic Petroleum Reserve. The elevated diesel prices are significant as the fuel is vital for key US economic sectors like freight, agriculture, and construction.