May 21, 2018 at 09:17 AM CST
|
|
---|---|
Prices for diesel fuel may revisit record highs within the next year or two, affecting many markets—from refiners to transportation to agriculture. U.S. diesel prices at the pump stood at $3.167 a gallon on Friday, according to data compiled by the Oil Price Information Service, or OPIS, for motoring and leisure-travel group AAA. They averaged $3.09 a gallon this month, the highest monthly level since December 2014. “Prosperity in the global economy comes with a price, and it can really manifest itself in diesel or jet fuel prices,” says Tom Kloza, global head of energy analysis at OPIS. |