Diesel Prices Hit Record High Amid Iran Conflict

The average price of diesel fuel in the United States has hit an all-time high, reaching $5.85 per gallon on Friday morning, according to AAA.

This marks a 58 percent increase from last year's prices, when a gallon cost around $3.71, and a nearly nine percent jump from last month's price of $5.37.

The higher diesel costs are likely to have a ripple effect on the economy, driving up the prices of everyday goods as commercial delivery trucks rely heavily on this fuel source.

The Trump administration has been criticized for downplaying the domestic economic costs of the war with Iran, which has strained global crude oil supplies and contributed to the surge in diesel prices.