MIAMI VALLEY — Diesel fuel in Ohio is selling at the highest average price ever Tuesday, a record set as regular unleaded fuel prices also set a new national average, according to new data released by AAA.
The highest ever recorded average for diesel in Ohio was set at $4.76 per gallon. A month ago, that average was $3.84 per gallon of diesel, AAA data shows. The Ohio average is on par with the national average for diesel.
>> WHIO-TV PUMP PATROL: Find the best prices near you
Tom Mulby is the Vice President of Safety at Home Run Trucking in Xenia. He says the company has 200 diesel trucks across the U.S. and it costs between $500 and $750 to fill up each of the trucks every other day.
When prices went up back in 2008, the company incorporated a flexible fuel surcharge into their contracts.
“We’ve built in a contract we can protect ourself down the road,” Mulby said. “A lot of owner operators won’t have that luxury. They’ll sign a contract five years ago and they’ve got to eat that cost.”
Mulby said its clients will be forced to pass the fuel cost onto their customers, which means prices for goods hauled by trucks will likely go up.
The average cost for a gallon of regular gasoline also hit a new national record on Tuesday morning, jumping 13 cents in one day.
The average cost of a gallon of regular fuel is $4.173, according to AAA. That price tops the $4.11 price for a gallon of regular gas set in the summer of 2008.
>> EXPLAINER: What does a US ban on Russian oil accomplish?
Gas prices were already heading up before Russia’s invasion of Ukraine nearly two weeks ago, with analysts saying there was an increase in demand due to the lifting of COVID-19 restrictions around the world.
©2022 Cox Media Group