Diesel price surges to all-time high, fueled by wars
The average price of diesel topped its 2022 record high on Friday , spiking to $5.85 per gallon, per AAA . Why it matters: Farmers, truckers and freight companies have been absorbing higher diesel costs since the Iran war began. The ballooning price threatens to further raise shipping costs while compounding a growing political problem for President Trump . It can also indirectly affect households by putting inflationary pressure on anything Americans buy that's carried by truck, which includes…
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Strongest signal: geographic relevance, 10 of 10. How each signal is calculated.
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