Diesel Price Rises 5.2 Cents to $3.865

The average price of diesel fuel in the United States has increased by 5.2 cents to $3.865, marking the fourth consecutive weekly increase, based on Energy Information Administration data from July 8. This rise in diesel prices is part of a trend that has seen the cost of a gallon of diesel climb by 20.7 cents since June 10, with a 5.9-cent increase compared to the same period last year. The majority of regions in the EIA's survey experienced a price hike, with the Midwest showing the largest gain of 7.4 cents. This ongoing increase in diesel prices can have significant implications for the transportation industry, impacting operating costs for trucking companies and potentially leading to higher prices for consumers due to increased shipping costs. It is important for businesses in the transportation sector to closely monitor and adapt to these fluctuations in fuel prices to ensure continued operational efficiency and financial viability.