US Diesel Prices Hit Record High of $5.85 a Gallon Amid Global Supply Chain Disruptions

US diesel prices have reached a record high of $5.85 a gallon due to global supply chain disruptions caused by the six-month war between the US and Iran. This has led to increased transportation costs for businesses, which may result in higher prices for consumers. Diesel is used for many freight and delivery networks, and higher diesel prices mean higher costs for a long list of everyday goods. Experts warn that prolonged high diesel prices and shrinking refined-product inventories could further increase consumer costs and strain global supply chains. The price of regular gasoline has also been increasing, although not as fast as diesel, and is currently at $4.15 a gallon. The higher fuel costs are already being felt in the grocery aisle, particularly with produce, meat, and other perishable foods that need to be hauled in and restocked frequently. Diesel is integral to every part of the food supply chain, powering farm equipment, fishing boats, trains, cargo ships, and trucks that get food to grocery stores. Higher diesel costs often result in more expensive food, although it can take time for energy shocks to wind their way through the supply chain.