U.S. gasoline and diesel prices rose for a second week due to tight inventories and strong demand, pressuring inflation despite falling oil benchmarks.

That’s because diesel runs the world’s economic engine, and the fuel’s price has soared faster and higher than the cost of gasoline. “People should be very concerned. This will ripple ...

National gas prices are at their lowest July levels since 2021. Regional prices have also seen a small decline over the last ...

Read here for the latest news on gas prices, including information on how gas is priced near you, the oil industry, market trends, ... Diesel prices rose to $3.676 per gallon, ...

We talked about diesel fuel and the differences in price between it and gasoline, but it’s important to address the upfront costs of buying a diesel vehicle as well.

Root causes of high gasoline and diesel prices. First, let me acknowledge that there are a lot of moving parts here, and it’s tough to get too detailed without writing a 100-page essay.

Higher Taxes. Finally, higher federal taxes account for 6 cents per gallon of the price difference at the pump. Gasoline is taxed at 18.4 cents per gallon, and diesel at 24.4 cents per gallon ...

The national average price of gas was $3.87 per gallon on Oct. 6, 2022 according to. ... Crude oil, the natural resource used to produce gasoline and diesel fuel, ...

Distillate fuel oil, which includes diesel fuel and heating oil, was the second most consumed petroleum product in 2021 at about 29% of total U.S. petroleum consumption.

The four most common types of engines are gasoline, diesel, electric, and hybrid. Each has its advantages, disadvantages, and unique characteristics. Let’s compare these engine types based on ...