US diesel advanced to the highest price since hitting a peak in April during the initial phase of the US-Iran war, highlighting the inflationary pressures menacing the global economy as the conflict drags on.
A diesel-price shock may be approaching Western economies. That's because the industrial fuel sits at the epicenter of freight, agriculture, construction, and heavy industry; soaring prices ripple quickly through supply chains, raising transportation and construction costs, reigniting food inflation…
US retail diesel prices hit a four-year high, topping a peak seen during the early stages of the Iran war to approach a record. The national average pump price climbed to $5.783 a gallon on Wednesday, according to the American Automobile Association. Bloomberg's Anthony di Paola reports.
The average price of diesel in the United States hit $5.7832 per gallon on Thursday, which is just three cents lower than the record-high of $5.8159 in mid-June 2022, when the Russian invasion of Ukraine sent fuel prices to record highs, data from AAA showed. The U.S.
Because diesel powers freight and delivery networks, as well as agricultural machinery, the high costs of fuel will impact a long list of everyday goods.
The price of diesel has reached an all-time high, a result of the war in Iran and Ukraine's attacks on Russian refineries. That will matter across the supply chain.
The average price of diesel topped its 2022 record high on Friday , spiking to $5.85 per gallon, per AAA . Why it matters: Farmers, truckers and freight companies have been absorbing higher diesel costs since the Iran war began.
Diesel has hit a record price in the U.S., soaring to an average of $5.85 a gallon for the first time. The record comes as the six-month war with Iran disrupts the world’s flow of fuel. Because diesel is used for many freight and delivery networks, higher diesel prices mean higher transportation cos…
CHICAGO (AP) — Diesel hit a new record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time ever as the six-month war with Iran disrupts the world’s flow of fuel. Because diesel is used for many freight and delivery networks, higher diesel prices mean higher transp…
Because diesel is used for many freight and delivery networks, higher diesel prices mean higher transportation costs for a long list of everyday goods.
The average U.S. diesel price hit a record high late on Thursday, exceeding the previous record from 2022, as the Middle East crisis tightened global fuel markets and sent prices soaring this summer. As of Thursday afternoon, the live U.S. national average price of diesel set a new record at $5.
Because diesel is used for many freight and delivery networks, higher diesel prices mean higher transportation costs for a long list of everyday goods.
Vance says gas prices could have been "much higher were it not for our efforts," as the Iran war pushes pump prices to expected Labor Day weekend records.
CHICAGO — Diesel hit a new record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time ever as the six-month war with Iran disrupts the world’s flow of fuel.
