Updated
Updated · WRAL News · Sep 16
US Diesel Hits $6.301 a Gallon as North Carolina Gas Jumps to $4.12
Updated
Updated · WRAL News · Sep 16

US Diesel Hits $6.301 a Gallon as North Carolina Gas Jumps to $4.12

3 articles · Updated · WRAL News · Sep 16

Summary

  • $6.301 a gallon for U.S. diesel and $4.355 for gasoline marked a new national milestone Wednesday, while North Carolina regular gas rose 8 cents overnight to $4.12.
  • Brent crude near $108 a barrel — about $17 above August's average — has pushed pump prices higher as conflict in the Strait of Hormuz, the U.S.-Iran war and Russia's war in Ukraine disrupt fuel flows.
  • Patrick De Haan said both fuels should climb further within 48 hours, with diesel potentially reaching $6.60 in days after already rising nearly 40 cents in a week.
  • North Carolina diesel averaged about $6.09, with some Triangle stations selling regular at $4.29, adding pressure on freight operators, farmers and other diesel-dependent businesses.
  • The fuel surge is feeding broader inflation as groceries were 2.2% higher in August than a year earlier, while Trump said prices may not fall until after November's midterm elections.

Insights

Will record-shattering diesel prices force a rapid, unavoidable takeover of driverless trucks on American highways?
Could the massive supply shock in refined fuels unexpectedly trigger a highly profitable golden age for intermodal rail shipping?
As transport margins collapse, which everyday grocery items will see the most drastic price explosions this harvest season?