National On-Highway Diesel Price Soars to Highest Point Since 2014
Washington D.C. – The national average price for on-highway diesel now sits at its highest point in nearly seven years.
According to the U.S. Department of Energy’s (DOA) latest weekly fuel report, the national average price for diesel for the week ending September 27, rose 2.1 cents from the week before to $3.406/gallon.
It’s the highest mark since the week ending December 15, 2014, when prices averaged $3.419/gallon nationwide.
The national average is now up $1.012 since the same period of last year and nearly 70 cents/gallon since President Joe Biden took office in January of 2021.
Relief from fuel price increases do not appear to be on the horizon either.
Citing recent Biden Administration energy policy decisions such as canceling the Keystone XL pipeline, banning fracking on federal land, and rejoining the Paris Climate Agreement, Turner predicted diesel prices would rise.
“President Biden is going to make it harder to produce fossil fuels, and when you make something harder to produce when the demand is high the cost is going to go up,” Turner explained.
Further, Turner warned the “Green New Deal” policy agenda being pushed by Democrats in Washington D.C. could soon lead to diesel prices reaching “$5 to $6 a gallon.”
These cost increases, Turner asserted, would end up most hurting those consumers who can least afford them.
“You are going to have to pass that cost on to your customer. Who does that punish? It punishes the lower and working classes,” he stated.