EnergyHighCorroboratingAccelerating
7.8
US diesel hits record $6/gal on Iran war, Russia refinery strikes
Valor Econômico·US · IR · RU·1 day ago
US average diesel price exceeded $6 per gallon for the first time, driven by Middle East conflict, rising crude, and Ukrainian strikes on Russian refineries. This marks a new record and signals sustained inflationary pressure on transport and goods.
US average diesel prices have surpassed $6 per gallon for the first time, a confirmed record high. This surge is attributed to tight refining capacity, elevated crude costs, and supply disruptions stemming from the US-Iran conflict and Ukrainian attacks on Russian refineries. The EIA warns that tight supply conditions are likely to persist, indicating sustained inflationary pressure.