Record diesel prices hit Georgia farmers as harvest season begins
The price of diesel has reached record highs just as farmers are fueling up for harvest in Georgia.
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The price of diesel has reached record highs just as farmers are fueling up for harvest in Georgia.
The Atlanta Community Food Bank says it relies on a fleet of 30 tractor-trailers and box trucks to get food to community partners for vulnerable families. The bank says it is fighting to keep families fed despite rising diesel prices, but admits it's an uphill battle.
The average price of a gallon of diesel reached a record high in Georgia on Friday, according to AAA.
The price of diesel has soared more than 60% over the last year, a surge energy experts say is likely to continue. Here's why.
Iran on Sunday threatened a "more painful" response to U.S. strikes on three Iranian oil tankers.
Diesel hit a record of $5.85 a gallon Friday, eclipsing its prior mark of $5.81, set in June 2022.
Georgia is temporarily relaxing some gasoline rules to increase the available fuel supply and ease pressure on prices at the pump.
Lower jet fuel costs spell relief for airlines. But that doesn't mean they'll pass savings onto customers by lowering airfares, experts said.
Oil prices jumped 6% while U.S. stocks fell as renewed Middle East conflict threatens crude shipments through the Strait of Hormuz.
Georgia's gas tax holiday is over, but drivers might not see the price at the pump jump up everywhere at the same time.
As Iran accuses the U.S. of a "grave violation" of the fragile ceasefire, Rubio says a deal is still possible despite the latest clash.
Gov. Brian Kemp's temporary suspension of Georgia's gas tax is scheduled to end next week, leaving drivers and economists debating the balance between lower fuel costs.
Commuters across Georgia are feeling the squeeze this week as gasoline prices saw a dramatic spike, jumping nearly 30 cents per gallon in the last week.
Gas prices are now 52% higher than prior to the Iran war, with drivers paying $1.56 more per gallon, data shows.
Oil prices hit a 4-year high as Axios reports Trump will hear new options to try to break the Strait of Hormuz standoff with Iran with a new wave of attacks.
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
The average cost of a gallon of gasoline hit $4.18 on Tuesday, up $1.20 since the conflict in the Middle East started on Feb. 28.
Energy prices keep rising with no sign of progress toward a deal to end the U.S.-Iran standoff and Hezbollah rejecting the Lebanon ceasefire.
A volatile combination of skyrocketing jet fuel prices and a critical shortage of federal security agents is threatening to disrupt travel just as the city prepares for a massive international influx of visitors.
Iran says Israel is violating the ceasefire deal President Trump announced, and Tehran appears to still have control over shipping in the Strait of Hormuz.
"This is a potentially huge market event like no other. It's a known unknown with a clock," one investment adviser said.
Gas prices in the U.S. could near a record high later this month if the Strait of Hormuz remains sealed, energy industry experts warn.
Trump says he expects the U.S. war with Iran to end within several weeks despite unrelenting attacks from both sides and Iran's iron grip on the Strait of Hormuz.
"The scary scenarios are, unfortunately, extremely plausible" if the critical Persian Gulf waterway stays effectively sealed, economist Paul Krugman said.
The average price of gas across the U.S. last reached $4 after Russia's invasion of Ukraine sent crude oil prices surging.
