Diesel costs in the US have reached a record high of $5.85 per gallon
US Secretary of Energy Chris Wright stated that Ukrainian strikes on Russian oil refineries have impacted diesel fuel prices in the United States. According to the official, the decline in Russian export capabilities is affecting the global energy balance. This was reported by Ukrinform citing CBS News, according to the portal PromPolitInform.
During an interview with CBS News, US Secretary of Energy Chris Wright commented on the current fuel market situation. The host raised the issue of record-breaking diesel price hikes and the potential for banning its export from the country.
The official explained that the market is facing difficult conditions due to significant damage to oil refining capacities in the Russian Federation. Russia, which was previously a major supplier of diesel fuel to the global market, has ceased such exports and has instead started importing gasoline.
The Impact of Refining on Prices
According to Chris Wright, the shortage of global refining capacity has acted as a catalyst for retail price increases. He noted that gasoline and diesel costs are currently rising even faster than oil quotes.
The Secretary also mentioned long-term internal factors, criticizing the policies of previous administrations over the past 17 years. According to him, the Democrats’ actions regarding the closure of oil refineries and coal plants have led to high energy prices in the country.
US Administration Strategy
Responding to questions about a potential diesel export ban, Chris Wright emphasized that the government is analyzing all available options to protect the interests of American consumers. The current priority is to scale up domestic production and increase overall supply in the energy market.
According to CBS News, the price of diesel fuel in the United States has reached a record high of $5.85 per gallon, which is equivalent to approximately $1.55 per liter.
It is worth noting that earlier, US Secretary of the Treasury Scott Bessent also pointed to the influence of Ukrainian attacks on Russian energy infrastructure regarding price dynamics. The administration continues to assess stability risks for supplies within the context of the global geopolitical situation.
Illustrative photo: The White House / Public domain
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