Service data showed an increase in the price by about $2.30 compared to last year, coinciding with the rise in oil futures contracts above $100 per barrel, amid shrinking supplies due to the US-Israeli war on Iran and the Ukrainian attacks on Russian refineries.
The rise in diesel directly affects the cost of operating trucks, trains, ships, heavy equipment, and the agricultural sector. “Every truck, every delivery, every package, every grocery trip is getting more expensive,” said Jazz Buddy analyst Patrick de Haan.
The rise in prices increases pressure on consumers suffering from inflation, and also raises concerns for President Donald Trump and Republicans ahead of the midterm elections scheduled for November.
A Reuters/Ipsos poll showed Democrats eight points ahead of Republicans regarding the party best able to deal with the cost of living, while Trump acknowledged that the oil price crisis may not see a relief before the end of the elections.
