US diesel surpasses $6 per gallon

The average Diesel fuel price in the United States has surpassed $6 per gallon for the first time ever, according to Gas Buddy data. Amid rising tensions between the U.S. and Iran, and oil prices climbing above $100 a barrel, Brent and West Texas Intermediate crude have reached their highest levels since mid-May. The increase in diesel prices is expected to drive up transportation and service costs, potentially reigniting inflationary pressures on the U.S. economy, especially given that diesel inventories have decreased by 13% compared to the five-year average.

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