Record diesel prices, tight supplies could be next blow to the US economy

Diesel prices are soaring to record levels, and record low inventories of the fuel in parts of the United States are sparking fears of worse to come.

Even if you've never bought a gallon of diesel in your life, as is the case for most US drivers, high diesel prices can hit your wallet— and the US economy — in multiple ways."The first way high diesel prices impact the economy is it makes it expensive to ship," said Tom Kloza, global head of energy analysis for the OPIS, which collects gas price data for AAA."The second way is possible disruptions in the supply chain. None of it is good.

The average price of diesel has soared to between $7.27 and $8.95 a gallon across Western European countries, and it isn't much cheaper in most of Eastern Europe.Those high prices have prompted a huge surge in exports of diesel to Europe from US and Canadian refineries that would normally be supplying US truck stops and trucking companies.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

CNN /  🏆 4. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

United States Expected to Be Named Host of Rugby World CupsThe U.S. is set to be awarded the men’s rugby tournament in 2031 and the women’s in 2033.
Les mer »

Chuck Lorre’s ‘United States of Al’ Canceled at CBSThe series hailed from ‘Big Bang Theory’ trio Lorre, Dave Goetsch and Maria Ferrari.
Les mer »

CBS Cancels ‘United States of Al’ After Two SeasonsCBS has canceled the Chuck Lorre-produced sitcom “United States of Al” after two seasons, Variety has confirmed. “United States of Al” centers on the relationship between Marine combat …
Les mer »

Chuck Lorre Comedy 'United States of Al' Canceled at CBS'United States of Al' has been canceled at CBS.
Les mer »

Are 100 million new COVID cases coming to the United States this fall?The Biden administration's warning that the United States could be hit by 100 million COVID-19 infections this fall is getting some backing by the Utah Department of Health.
Les mer »

‘United States of Al’ Canceled By CBS After 2 SeasonsEXCLUSIVE: The Chuck Lorre-produced sophomore CBS comedy series United States of Al will not return for a third season. I hear the network made the calls to inform the series’ auspices this e…
Les mer »