Diesel Supplies at Lowest Levels Since 2008

Stockpiles of diesel, at their lowest levels since 2008, continue to be in short supply, with only 25 days stockpiled. Demand is also said to be at its highest point since 2007,  causing higher prices.

According to U.S. Energy Information Administration (EIA), the average price of diesel is at $5.34 per gallon. That’s an increase of $1.67 per gallon, compared to this time last year. The area getting hit the hardest is New England, where people burn diesel fuel for heat more than anywhere else in the country. The highest cost of diesel fuel is in California, where the average cost is almost $6.50 per gallon, an increase of almost $2.00 per gallon over this time last year.

By contrast, the average price of gasoline in the U.S. is $3.87 per gallon, with the most expensive region also being California, at $5.84 per gallon. https://www.newsbreak.com/