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Average diesel prices have hit a record high in the United States, amid the US acts of aggression against Iran and the closure of the Strait of Hormuz, through which around a fifth of the world’s traded oil flows.

On Friday, average diesel prices soared to $5.85 a gallon for the first time since the start of the US-Israeli aggression against Iran on February 28.

Higher ​diesel prices, which are widely used in trucking, agriculture and industrial activity, mean higher transportation and production costs that subsequently raise food prices, bringing ripple effects for the economy and wider costs of living.

Some businesses have already passed on costs to consumers through added fees on online orders and mailed packages.

  • solrize@lemmy.ml
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    1 day ago

    Where I am, gasoline also increasing recently, after a month or so of stability.