Colorado Springs sets record high average diesel price
Updated
Updated · KKTV · May 5
Colorado Springs sets record high average diesel price
9 articles · Updated · KKTV · May 5
AAA said the weekend record surpassed the previous 2022 peak, as Strait of Hormuz tensions threatened a route carrying about 20% of global oil supply.
Economist Joe Craig said trucking firms and drivers would feel the hit first, with higher shipping and consumer costs likely emerging over the next two to four months.
Some local businesses said supplier fuel surcharges had not yet risen, but truckers warned sustained diesel increases could force more operators out and disrupt freight work.
With the Strait of Hormuz nearly closed and diesel prices soaring, how close are we to a global supply chain tipping point that could reshape everyday life?
As truckers and farmers struggle with record fuel costs, what long-term solutions could prevent future shocks from disrupting essential goods and services?