From Seekingalpha · Ironman at Political Calculations · · 40s
U.S. Gasoline And Diesel Prices Rise
U.S. gasoline and diesel prices climb due to oil shocks since 1973.
In brief
U.S. gasoline and diesel prices climb due to oil shocks since 1973. U.S. fuel prices increased as oil shocks since 1973 impact consumers. Originally reported by Seekingalpha.
Current Fuel Prices
U.S. gasoline and diesel prices are elevated for consumers due to recent oil shocks since the 1973 Oil Crisis.
Diesel Price Impact
Diesel fuel prices rose higher than gasoline in recent oil shocks due to reduced global refining capacity since the 2010s.
Price Shock Ranking
The current oil price shock ranks fourth among four major shocks since the 1973 Oil Crisis when adjusted for inflation.
The short version
U.S. fuel prices increased as oil shocks since 1973 impact consumers.
