NewsMV
diesel prices have breached $6 per gallon for the first time on record, driven by fuel supply disruptions tied to the wars in Ukraine and Iran.
The record print is already working its way through transportation costs across the domestic economy.
Conflict in Ukraine and Iran has fractured fuel flows reaching American markets, and diesel has absorbed the damage first.
Rising transportation costs are the next consequence, spreading through freight and any sector that ships physical goods before the effect registers more broadly.
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