Diesel Near $5 Amid Iran Conflict Tightening Global Fuel Supplies
TL;DR
US diesel prices climbed to about $4.99 a gallon—roughly a 37% jump in a month—as the Iran war and the Strait of Hormuz blockage tighten global energy supplies, raising costs for transporting goods and farming and risking broader consumer price pressures; analysts say the rally could persist due to limited refining capacity and aging U.S. refineries.
Topics:businesseconomy#agricultural-costs#diesel-prices#economy#iran-conflict#strait-of-hormuz#us-inflation
- US diesel prices soar to almost $5 as Iran war pinches global supplies Financial Times
- Diesel Hits $5 Per Gallon—Here’s What Will Be More Expensive Forbes
- As diesel continues to soar, Farmington trucking company fights to eat costs 13wham.com
- Record Diesel-Price Surge Hits U.S. Truckers, Retailers and Manufacturers WSJ
- US average diesel prices cross $5 a gallon as Middle East War tests global economy Reuters
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