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US Diesel Prices Soar to Record High Amid Ongoing Conflict

Guavy AI Editorial Team
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US diesel prices have reached an all-time high of $5.85 per gallon, exceeding the previous record set in 2022.

The rise in diesel prices is attributed to the ongoing conflict between the US and Iran, which has disrupted oil supplies from the Middle East and Russia.

Diesel is a critical component of the global trading system, with tight supply and rigid demand contributing to its increasing price.

Ajay Kapoor, founder and CEO of SemiCab, stated that 'almost all modes of transport are directly affected by diesel prices,' which will have far-reaching consequences for consumers and businesses alike.

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