Diesel Crisis Looms as US Supplies Running on Fumes

Eastern diesel inventories have plunged to their lowest levels in more than 30 years

A semi-truck fills up with diesel fuel outside of Bakersfield, Calif., on April 18, 2022. John Fredricks/The Epoch Times

Diesel prices have spiraled out of control in energy markets this year.

A gallon of diesel on average costs $5.554, up 75 percent from a year ago and just short of the record high of $5.58 that was posted last week, according to AAA. Prices are trending higher in the U.S. Northeast. In New York, the average price of diesel is $6.52; in Rhode Island, it’s $6.43.