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US diesel prices surpass $6 a gallon for first time as oil hits highest since May

US diesel prices surpass $6 a gallon for first time as oil hits highest since May The US national average price of diesel on Thursday surpassed $6 a gallon for the first time ever, according to price tracker GasBuddy, as the US-Israeli war on Iran and Ukrainian attacks on Russia’s refineries have squeezed supply. The latest surge in fuel costs is adding to inflationary pressures that have already…

The US national average price of diesel has surpassed $6 a gallon for the first time, reaching new heights as oil prices soar to their highest level since May. This surge is attributed to the ongoing US-Israeli conflict with Iran and the impact of Ukrainian attacks on Russia's refineries, which have significantly reduced fuel supply.

The escalating fuel costs are exacerbating inflationary pressures, placing additional strain on consumers and businesses. For President Donald Trump and Republican lawmakers, this presents a political challenge as they attempt to maintain their narrow congressional majorities in the upcoming midterm elections.

Brief written by urgent.news from Middle East Eye's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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