News Summary

• As of Thursday, the average diesel price in the u.s. is $6.5141 per gallon, roughly a cent lower than the all-time historic high set on Tuesday.
• Experts believe that unless something dramatic happens in the ongoing wars in Iran and Ukraine, the price climb is likely to continue.
• Gasoline prices have gone up about 40 percent over the past 12 months, whereas diesel prices have nearly doubled over that time.
• The reason diesel is more expensive than gasoline involves a combination of geopolitics, as well as the chemistry of the product itself.