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The Economic Times
The Economic Times
Business

US diesel prices hit a record high, pushing up transportation costs for a long list of goods

United States David Ortega Iran Donald Trump AAA Oil Supply chain

Diesel hit a record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time as the six-month war with Iran disrupts the world's flow of fuel.

Because diesel is used for many freight and delivery networks, higher diesel prices mean higher transportation costs for a long list of everyday goods.

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