The retail price of diesel in the US hit a new high since mid-2022, surpassing the peak at the beginning of the Iran war and approaching the highest record in history. According to the American Automobile Association data, the average price of diesel at gas stations across the US rose to 5.783 US dollars per gallon on Wednesday, higher than the high set during the April war. The price is just one step away from the historical peak of $5.816, which was set in June 2022 when the Russian-Ukrainian conflict triggered the energy crisis. Patrick DeHaan, head of petroleum analysis at the oil price tracking platform GasBuddy, said that according to current trends, oil prices are expected to break historical records on Labor Day on Monday. Diesel prices have soared sharply this year due to the ongoing conflict in the Middle East, squeezing supply, repeated attacks on Russian refineries by Ukrainian drones, and the combined effects of Russia's export bans.

The retail price of diesel in the US hit a new high since mid-2022, surpassing the peak at the beginning of the Iran war and approaching the highest record in history. According to the American Automobile Association data, the average price of diesel at gas stations across the US rose to 5.783 US dollars per gallon on Wednesday, higher than the high set during the April war. The price is just one step away from the historical peak of $5.816, which was set in June 2022 when the Russian-Ukrainian conflict triggered the energy crisis. Patrick DeHaan, head of petroleum analysis at the oil price tracking platform GasBuddy, said that according to current trends, oil prices are expected to break historical records on Labor Day on Monday. Diesel prices have soared sharply this year due to the ongoing conflict in the Middle East, squeezing supply, repeated attacks on Russian refineries by Ukrainian drones, and the combined effects of Russia's export bans.