Diesel Prices Soar Past $6 a Gallon Amid Ongoing War with Iran
US diesel prices have soared past $6 a gallon on average, reaching yet another record high due to Washington's ongoing war with Iran. According to the motor club AAA, the national average price of nearly $6.06 is up from $5.85 last week and almost $3.71 this time last year.
Higher diesel prices mean more expensive transportation for everyday goods, as diesel is used for many freight and delivery networks. Businesses have already passed along steeper costs to consumers in the form of added fees on online orders and packages in the mail.
The surge in diesel prices has also brought ripple effects for the economy and wider costs of living, particularly in the grocery aisle. Perishable foods like meat and produce face one of the most immediate strains of expensive diesel because they need to be hauled in and restocked frequently or may be harvested using farm equipment powered by the fuel.
The price of crude oil has renewed its rise recently, with both Brent and US crude surpassing $100 a barrel for the first time in months. President Donald Trump stated that oil prices likely won't come down until after November's midterm elections.