Now have Trump say he’s causing this to help with “climate change”
It's official.
US diesel prices are now above $6.50/gallon for the first time in history.
The average price of diesel in the US hit $6.51/gallon this morning, now up +101% since the low seen in January.
This has pushed California's average diesel price to $8.42/gallon, the most expensive in the country.
Meanwhile, the average price of gas in the US is now up to $4.48/gallon, up +80% since the low seen in January.
This morning, President Trump said Russia has "lost control" of its diesel industry due to the Ukraine War.
We expect more record highs in diesel prices ahead.