Diesel Prices Surge Amid Deepest Inventory Slump on Record

Diesel Prices Surge Amid Deepest Inventory Slump on Record
The price of diesel and unleaded gas are displayed on a sign outside a BP petrol station in Wigan, northwest England, on June 8, 2022. Paul Ellis/AFP via Getty Images
Naveen Athrappully
Updated:
0:00

The global diesel market is facing a crunch from lower production, undermining efforts by world economies to recover and increasing the fragility of markets on both sides of the Atlantic, while adding to already-high inflationary pressures.

In the United States, diesel price increases have overtaken those of gasoline.

Naveen Athrappully
Naveen Athrappully
Author
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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