LITTLE ROCK, Ark. — The first part of 2023 has seen diesel prices rise again and again.
The week of Jan. 30, the average price for a gallon of diesel fuel sat at $4.622, according to the Energy Information Administration (EIA).
That’s up from $4.604 on Jan. 23 and $4.524 on Jan. 16.
Rising demand and refinery issues are to blame, according to energy experts.
Meanwhile benchmark U.S. crude oil for March delivery fell $1.78 to $77.90 a barrel Monday. Brent crude for March delivery fell $1.76 to $84.90 a barrel.
The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.
Complete 100% BS. It’s refinery issues all right. A MANUFACTURED CRISIS. Oil at what it is per barrel means diesel shouldn’t cost what it does per gallon. Period.
Worse why are rates in the toilet? To HIDE INFLATION.
Who sets market rates? Nobody is paying market so someone is lying when they report rates. Congress and/or state AGs should investigate.
This whole things ends exactly how we know it is does a MASSIVE economic CRASH. And you thought we had a trucker shortage before? Just wait until they all go bankrupt.
How much more are you going to take Mr. American Truck Driver??? Enough is enough.