Diesel Prices Soar to Record High Amid US-Iran Tensions
The average price of diesel fuel in the US has reached an all-time high, hitting $5.85 per gallon on Friday morning, according to AAA.
This marks a significant increase from last year, when diesel averaged around $3.71 per gallon, and a nearly nine percent rise from just last month's average price of $5.37 per gallon.
The higher cost of diesel is likely to have a ripple effect on the economy, as it is commonly used by commercial delivery trucks to transport goods, which will drive up prices for everyday items.
The Trump administration has faced criticism over its handling of the Iran conflict and its impact on domestic fuel costs. The effective closure of the Strait of Hormuz, a major oil trading corridor, during the turmoil has strained global crude oil supplies.