Diesel Prices Hit Record High as Conflict with Iran Continues

Diesel prices in the US have hit a record high of $6.06 per gallon on average, according to motor club AAA.

The increase is largely due to Washington's ongoing conflict with Iran, which has disrupted global fuel supplies and led to higher costs for crude oil.

The surge in diesel prices will likely result in increased transportation costs for a wide range of everyday goods, including perishable foods like meat and produce.

Better-equipped retailers may absorb these costs initially through existing freight contracts or retailer margins, but eventually, more of the cost will be passed on to consumers in the form of higher grocery prices.