The price of diesel hit an all-time high in the United States this week as energy markets around the world cope with ongoing disruptions amid Russia's invasion of Ukraine.
The high cost of diesel is being partially passed on to consumers for everything from electronics to groceries.
Gas prices are displayed at a gas station in Long Beach, Calif., Wednesday, March 9, 2022. The average price for a gallon of gasoline in the U.S. hit a record $4.17 on Tuesday as the country prepares to ban Russian oil imports. "To cover the increased cost of diesel, truckers must increase the rates charged to haul freight. These increased rates are then passed on to consumers via higher costs at the retail level," Ron Faulkner, the president of Faulkner Trucking and 2022 president of the California Trucking Association, wrote in an op-ed at the"So, you are paying for high prices of fuel both at the pump and at the grocery checkout line.
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