U.S. diesel prices hit record $6 per gallon, threatening economy with rising costs from global conflicts.

U.S. diesel prices reached a record $6 per gallon due to supply disruptions caused by the wars in Ukraine and Iran, pushing transportation and fuel costs higher. This rise impacts the entire economy as diesel powers trucks, trains, and farming machinery, leading to increased prices for food, goods, and energy. The shortage stems from refinery shutdowns and constrained exports, with no spare refining capacity to offset losses. Experts warn these high diesel prices could silently damage the U.S. economy by raising consumer costs across multiple sectors.