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U.S. diesel average reaches record $6.27 amid Iran war

The national diesel average reached a reported record $6.27 a gallon after rising 42 cents in a week, increasing costs for transport and agriculture.

The U.S. average price for diesel reached $6.27 a gallon on Tuesday after increasing 42 cents in one week, according to The Hill. The increase was largely linked to energy-market disruption from the U.S. war in Iran.

Diesel is widely used by trucking, public transportation and agriculture. Analysts quoted by the publication said they did not expect prices to fall in the coming weeks.

Sources

  1. The Hill — Soaring diesel prices pose latest economic headache for GOP ↗