Diesel is crucial to international transportation and its price has a major impact on the US economy. There are three primary reasons for its higher price tag than regular gasoline.
New York Most drivers today are focused on the high cost of filling up their tanks with regular fuel.
But there's another important fuel on the gas station price board, and its nationwide price average currently eclipses gasoline's by more than a $1 a gallon: diesel fuel. "Diesel is what powers trucking. It is what powers our global economy," said Joseph Sykora, an equity analyst at Aptus Capital Advisors.
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