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$5 Diesel Means A 35% Jump In Prices For US Consumers
$5 Diesel Means A 35% Jump In Prices For US Consumers
While US gasoline prices have risen substantially since the start of the Iran war (although RBOB futures suggest there is much more upside should oil prices remain around $100), the average price of diesel has already soared above $5 per gallon in the US, the highest since 2022, and pushing up supply chain costs and setting the stage for broader inflation for consumers.
The price spike is increasing costs for farmers, truckers and construction firms.
With diesel at $5 per gallon,...
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