US diesel costs close to peak levels

Diesel prices in the United States have risen to record levels, increasing by 70% since the start of the US-Israeli conflict with Iran, amid a global fuel supply crisis caused by the wars in Iran and Ukraine. The current average price is $6.28 per gallon. Despite former President Trump's attempts to ease the crisis by imposing restrictions on the use of tax-exempt red diesel, these measures are considered temporary and face opposition from retail companies. The real issue revolves around a shortage in the global market for refined products. This crisis raises economic and living concerns, especially with Trump's declining popularity ahead of the November elections.

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