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

This week, diesel prices continue to climb, and gas prices also saw a slight bump. According to data released by the U.S. Energy Information Administration on July 14, the national average on-highway ...

Oil prices steadied on Wednesday, as signs of stronger Chinese crude consumption were outweighed by investor caution about ...

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 ...

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, ...

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.

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.

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 ...

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.

Oil prices fell by about 1% on Wednesday as signs of stronger Chinese crude consumption were outweighed by investor caution about the wider economic impact from U.S. tariffs. Prices have seesawed in a ...