The Fuel for Inflation: Why Record Diesel Prices Matter Beyond Your Commute Diesel prices have hit record highs, reaching $6. 43 per gallon as of Friday, according to GasBuddy data.
At first glance, this might seem like just another symptom of the ongoing economic turmoil sparked by the Russia Ukraine conflict and the continued disruption in the Strait of Hormuz.
However, these rising fuel costs have far reaching consequences for households, businesses, and industries across the board.