Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business

Diesel Fuel Price Hits All-Time High. No End In Sight To Price Crunch.

Truckers will face higher diesel prices for the foreseeable future. (Credit: AFP / GEORGE FREY)

Diesel gas prices have hit an all-time high as the Iran and Ukraine wars continue to put pressure on refinery production and disrupt supply chains.

AAA showed on Friday that a gallon of diesel is now $5.85, up about 23 cents in the last week. Compared to the same time last year, diesel is now more than $2.13 per gallon higher. That 57 percent year-over-year rise in the price of diesel largely correlates with the start of the Iran war in February, which had an immediate impact on oil prices.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.