U.S. diesel prices have surged past $5 per gallon for the first time since December 2022, driven by supply disruptions linked to the ongoing Iran conflict.

The spike comes as the war has squeezed global fuel supplies, particularly impacting diesel, a key fuel for transport and industry.

Rising prices at the pump are expected to add pressure on inflation and increase costs across sectors dependent on fuel.

US Faces Higher Prices at the Pump | World Business Watch

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US Faces Higher Prices at the Pump | World Business Watch