Trump's Iran war sends US diesel prices to record high
The cost of diesel fuel crucial to American industry has risen above the 2022 peak to an all-time high of $5.85 per gallon (with an August monthly national average of $4.07), surging 17 cents in two days amid ongoing military conflict with Iran, threatening a new inflationary burst ahead of November elections.
- US diesel prices surpassed the 2022 peak.
- Rising fuel costs threaten an inflationary surge ahead of November elections.
- Average diesel price reached $5.85 per gallon, topping the 2022 record.
- Diesel prices surged 17 cents in two days.