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US Diesel Costs Hit Historic High of USD6.23 Per Gallon
(MENAFN) US diesel prices surged to an unprecedented record high on Monday, climbing to $6.23 per gallon for the first time in the nation's history, marking a significant milestone in the ongoing energy price crisis gripping American consumers and businesses alike.
The latest spike follows last week's development, when diesel prices first broke through the $6 threshold, driven by a steady rise in oil prices on the global market, according to data released by the American Automobile Association.
Global crude benchmarks reflected the broader upward pressure: Brent futures were trading at $107.6 per barrel, up 3% as of 0630GMT, while West Texas Intermediate (WTI) crude stood at $102.8, up 2.8% over the same period, signaling continued volatility across energy markets worldwide.
Last week, US President Donald Trump attributed the current surge in energy prices to Washington's ongoing efforts aimed at preventing Iran from acquiring a nuclear weapon, linking the economic strain directly to broader national security concerns.
The latest spike follows last week's development, when diesel prices first broke through the $6 threshold, driven by a steady rise in oil prices on the global market, according to data released by the American Automobile Association.
Global crude benchmarks reflected the broader upward pressure: Brent futures were trading at $107.6 per barrel, up 3% as of 0630GMT, while West Texas Intermediate (WTI) crude stood at $102.8, up 2.8% over the same period, signaling continued volatility across energy markets worldwide.
Last week, US President Donald Trump attributed the current surge in energy prices to Washington's ongoing efforts aimed at preventing Iran from acquiring a nuclear weapon, linking the economic strain directly to broader national security concerns.
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