Diesel prices hit record high as wars disrupt supply
Diesel prices have hit an all-time high as the wars in Iran and Ukraine disrupt global fuel supplies.
TL;DR
- Diesel prices have reached a new all-time high of $5.85 per gallon in the United States.
- This record surpasses the previous high of $5.81 per gallon set in May 2022.
- The increase is linked to disruptions in global fuel supplies caused by the wars in Iran and Ukraine.
- High diesel prices indicate a crimp on the global supply chain due to these conflicts.