Diesel Prices Soar to Record $6.05 per Gallon Amid Global Energy Strains
The average price of diesel fuel in the U.S. has reached a new record high of $6.05 per gallon, according to AAA.
This marks a 63 percent increase from the same time last year, when diesel prices averaged around $3.71 per gallon.
The rising cost of diesel is expected to have a ripple effect on everyday goods, as commercial delivery trucks rely heavily on this fuel for shipping.
The global energy supply is being strained by ongoing conflicts in the Middle East and Ukraine's attacks on Russian oil refineries.
Russia has launched retaliatory attacks on Ukrainian urban gas stations, while the Strait of Hormuz has been restricted to commercial traffic due to increased tensions.