US Diesel Prices Hit Record High

US Diesel Prices Hit Record High

Motorists in the US are paying more than ever for diesel due to the conflict in Iran, which continues to squeeze energy supplies, and other factors.

The American Automobile Association said on Friday the average retail price of diesel had hit 5.85 dollars per gallon. One gallon is almost 3.8 liters. That beats the previous peak, set in 2022, after Russia invaded Ukraine.

Prices are now up more than 50% since late February, when the US and Israel launched their attacks on Iran.

Russia's diesel export ban is adding to the drag on supplies. In the US, diesel is widely used by trucking firms and farmers, meaning the higher costs could have ripple effects for food prices.