California’s record diesel prices are hammering trucking companies already squeezed by soaring insurance, equipment and regulatory costs, with some warning they can no longer afford to keep their rigs on the road. The statewide average hit a record $8.39 a gallon Friday, according to AAA, up…
NEW YORK — A global diesel shortage fueled by wars in Iran and Ukraine is unlikely to ease before next year, according to storage market indicators and industry participants, extending a spike in fuel costs that is weighing on economies worldwide.