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The Independent UK
The Independent UK
Brendan Rascius

US diesel tops $5 a gallon in worrying sign for shipping, food costs and construction

United States Donald Trump Iran GasBuddy

U.S. diesel prices have surged dramatically, sparking fears that escalating costs will ripple through the economy — affecting groceries, shipping and construction — as the war in Iran stretches into its third week.

On Monday, the average price of a gallon of diesel reached $5 a gallon, marking the highest rate since December 2022 — the only other time it surpassed this worrying milestone, according to GasBuddy. On Tuesday, the average cost for a gallon of diesel stood at $5.04, up from $3.65 the previous month, according to AAA.

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