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Diesel Prices Hit Record High in the United States

Diesel Prices Hit Record High in the United States

The average diesel prices in the United States reached a record high of $6.52 per gallon on Monday, marking the first time in the country's history.

The Washington Post reported that the U.S. has been experiencing a sharp increase in diesel prices since the beginning of September, with prices in many states exceeding $6 per gallon, confirming that this will affect vital sectors.

The newspaper attributed these price hikes to the decline in diesel and refined product inventories in the U.S. to the lowest levels in years.

It pointed out that this shortage in domestic inventories coincided with ongoing global navigation and refining disruptions, keeping markets under the pressure of supply shortages and continuous cost increases.

The American Automobile Association also mentioned this in statistical data, coinciding with the ongoing repercussions of U.S.-Iran tensions on global economies.

Some states recorded high diesel prices, such as California, where the price exceeded $8.4 per gallon (approximately 3.785 liters), Hawaii with more than $7.1, and Michigan with $6.8.

According to several news sources, the average price of a gallon of diesel in the United States until September 7 was $5.96 per liter.

This price surge comes amid rising global energy prices due to supply disruptions, with the continued closure of the Strait of Hormuz and the disturbance of navigation in the Bab al-Mandab Strait.

Brent crude futures rose on Monday as the week's trading began with a 2.7% increase.

Brent futures rose to $107 per barrel, while U.S. crude futures increased by 2.5% to about $94.8.

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