U.S. GASOLINE AND DIESEL PRICES SURGE U.S. fuel prices jumped sharply, adding fresh pressure on consumers and inflation. Regular gasoline r…
U.S. GASOLINE AND DIESEL PRICES SURGE
U.S. fuel prices jumped sharply, adding fresh pressure on consumers and inflation.
Regular gasoline rose 16.2 cents weekly to $4.319/gallon, now $1.151 higher than a year ago.
Diesel surged 31.8 cents to $6.285/gallon, up $2.546 year-over-year.
Market angle: rapidly rising fuel costs could reinforce inflation concerns ahead of Fed policy decisions.
