The U.S. national average price of diesel on Thursday surpassed $6 a gallon for the first time ever, according to price tracker GasBuddy, as the U.S.-Israeli war on Iran and Ukrainian attacks on Russia’s refineries have squeezed supply.
Diesel fuels trucks, trains, ships and heavy equipment that keep global supply chains moving. It is also crucial to running farm equipment.
The latest surge in fuel costs is adding to inflationary pressures that have already strained consumers and businesses this year, creating a political headache for Donald Trump and Republican lawmakers as they seek to defend thin congressional majorities in November’s midterm elections.
Only thing to be careful of is that US gallon is only 3.79 litres, not 4.55 litres like it is in the UK. (Makes the fuel economy of American cars seem even worse than they really are.)
If the diesel price is about €2.33/l at the moment and the dollar is about €0.86, then German diesel is ~$10.26/gallon at the moment.
which is why the measure should be amount of fuel per set distance. ie. litres/100 km.
Yup, I calculated with 3.8 for gal/L and almost forgot to convert the euro price to Usd thereafter 😁.