The Western States Petroleum Association (WSPA) says it comes down to a matter of supply and demand.<\/p>\n<\/p><\/div>\n
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“Some diesel supplies that would’ve been here are being exported to Europe because of the war,” said WSPA Spokesman Kevin Slagle. “Additionally, when we look at supply chain demands, demand for diesel is extremely high coming out of the pandemic.”<\/p>\n<\/p><\/div>\n
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Leading energy economist Phil Verleger told CNN this week that tight supplies could send the average US price of diesel to $10 a gallon by the end of the summer.<\/p>\n<\/p><\/div>\n
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He warned rising diesel prices could put the brakes on the US economy.<\/p>\n<\/p><\/div>\n
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The national average price for regular gasoline is $4.42 per gallon. That’s up nearly 50% from last year.<\/p>\n<\/p><\/div>\n
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“Everybody out there is paying for it and they need to get mad,” said Snyder, directing his ire at oil industry executives.<\/p>\n<\/p><\/div>\n
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“Demonizing our industry and the men and women who provide reliable, affordable energy is not helpful,” countered Slagle. “It’s not addressing the policy matters at the heart of the issue. Those are what need to be talked about.”<\/p>\n<\/p><\/div>\n