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Diesel Tops $5, Echoing 2022 Russia-Ukraine Invasion Energy Shock
Diesel Tops $5, Echoing 2022 Russia-Ukraine Invasion Energy Shock
US Fuel Spike Summary:
AAA national average diesel prices have jumped 34%, the largest increase for any month on record.
AAA national average gasoline prices have jumped 24.5%, also the largest increase for any month on record.
The spike in refined products comes just ahead of driving season and, if it persists long enough, could dent consumer sentiment polls.
The Trump administration assures the conflict will be short-term.
Countdown to Memorial Day driving season: 69 days.
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Update (0840ET)
The partially paralyzed Hormuz chokepoint...
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