Diesel prices hit record high
The average price of diesel hit an all-time high Friday in the U.S. as the conflict with Iran puts more strain on the global energy supply.
- Why it matters
- Diesel powers commercial trucks and delivery fleets; sustained price spikes directly increase costs for freight, food distribution, and any business dependent on transport.
- Most affected
- Trucking and logistics companies — Operating costs rise with each mile driven using diesel fuel.
Consumers purchasing goods — Freight cost increases typically pass through to retail prices for shipped items. - Likely next
- Whether diesel prices hold at current levels or move higher in coming weeks as the Iran situation develops.
Also reported by: Onlinekhabar, The Hill, Free Malaysia Today, Middle East Eye, Axios, WFLA, KSN, WANE, Syracuse.com, Fast Company