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America's diesel surpasses $6 per gallon
For the first time, the average price of diesel in the United States has surpassed $6 per gallon, due to shrinking supplies resulting from the war with Iran and attacks on Russian refineries in Ukraine. Diesel is a fundamental pillar of the logistics and agricultural sectors, and rising prices are increasing costs for consumers and the economy overall. This comes amid a resurgence of oil prices above $100 per barrel due to escalating international tensions and democratic gains in opinion polls on living issues ahead of the November elections.
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