According to data released by the US retail price information service agency “Gasoline Partner” on the 4th, the average retail price of diesel in the US reached a record high on the 3rd, breaking the record for June 2022. According to the data, the average price of diesel in the US rose to 5.848 US dollars per gallon on the 3rd, exceeding the high value of 5.819 US dollars per gallon set on June 17, 2022, while the average price of diesel in the US during the same period last year was 3.7 US dollars per gallon. Gasoline Partners said that although gasoline prices often receive news attention, diesel has a broader impact on inflation and business costs. Diesel fuels freight trucks, trains, agricultural equipment, and construction machinery. As diesel prices rise, transportation costs rise, which usually results in higher prices for consumer goods and services. Patrick DeHaan, head of petroleum analysis at “Gasoline Partners,” said that diesel provides fuel for economic activity, and the impact of a record high diesel price far exceeds the transportation industry. Rising supply chain costs will push up the prices of groceries, household goods, express delivery services, etc., putting pressure on consumers.

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