To understand how diesel prices are hitting consumers, look at trucking operations such as Liberty Linehaul West. Diesel is a fundamental fuel of mining and manufacturing, as well as logging, the Diesel Technology Forum said. Nationwide, 76% of all commercial vehicles and 98% of all big rigs use diesel, the Diesel Technology Forum said. Eighty-four percent of U.S. transit buses burn diesel, the Diesel Technology Forum said. Diesel prices probably will remain high for longer than gasoline prices because diesel inventories have fallen to multiyear lows, said Patrick De Haan, head of petroleum analysis for Gas Buddy.

Source: Los Angeles Times June 16, 2022 21:04 UTC