U.S. diesel prices are surging past $6 a gallon for the first time ever
The national average hit $6.06 on Friday, up 63% from a year ago, as wars in Iran and Ukraine disrupt global fuel supplies
U.S. diesel prices surpassed $6 a gallon on Friday, prompting concerns about the impact on delivery costs for various goods, including groceries. Diesel plays a crucial role in transporting perishable items like meat and produce, as well as other everyday products. The national average diesel price stands at $6.05, up from $5.85 last week and $3.70 a year ago, according to AAA.
The escalating conflict between the U.S. and Iran has disrupted fuel supplies, particularly in the Middle East, leading to a surge in prices. Diesel costs are expected to persist due to the ongoing geopolitical tensions and reduced oil production in Saudi Arabia, a result of Houthi attacks on its energy facilities. Additionally, disruptions in Russia's refining system due to Ukrainian attacks have further exacerbated the situation.
Food prices, particularly those of perishable items, are likely to feel the impact of these higher diesel costs.
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