After an impressive run that saw U.S. diesel prices fall for 62 consecutive days, diesel prices at the pump rose overnight on Tuesday, snapping the longest losing streak in two years thanks to farmers stockpiling fuel for use during the harvest season. U.S. national average diesel prices have climbed to $4.977 per gallo n, marking the first time they have done so since peaking at $5.816 in mid-June according to AAA data. However, the latest turnaround in pump prices comes as little surprise considering that diesel futures contracts have jumped more than 20% in a little over two weeks. Owners of gasoline-powered vehicles have been luckier as gasoline prices have contracted for 71 straight days to $3.883 per gallon , good for the second longest losing streak in nearly two decades. But whereas high gasoline prices have been the focal point of President Biden’s administration, it’s diesel that actually […]