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Trucking and Heating Costs to Rise as Diesel Fuel Hits a Seven-Year High

  • Diesel surge pressures Biden’s effort to temper inflation
  • Stockpiles of the fuel are at an eight-year seasonal low
Updated on

Trucking goods across the U.S. is getting more costly as retail diesel prices rise to a seven-year high.

Retail diesel prices rose to $3.653 per gallon Thursday, the highest since October 2014, according to auto club AAA. The latest surge can be tied to arctic weather in the Northeast that boosted use of diesel for heating at a time when demand is already high for the road fuel.