Economy · World
US Diesel Prices Reach Record High Amidst Iran Conflict
Diesel prices in the United States have reached a record high, averaging $5.85 per gallon. This surge is attributed to the ongoing conflict involving Iran and its impact on oil supply, alongside attacks on Russian refineries. The situation mirrors price increases seen in 2022 following Russia's invasion of Ukraine. Farmers in the UK and US are particularly affected by the "astronomical" jump in fuel costs. Renewed hostilities between the US and Iran have heightened fears of oil supply disruption, with prices on track for significant weekly gains. The conflict has entered its seventh month, impacting global oil supply routes.
How outlets across the spectrum covered it
L 7 C 23 R 2
- Left (7): Al Jazeera English, CNN, Los Angeles Times, The Guardian, The Independent, The New York Times, The Washington Post
- Centre (23): BBC News, Business Standard, CBS News, CNBC, Channel News Asia, Chicago Tribune, Deccan Herald, Financial Times, France 24, Global News (Canada), Metro (UK), NBC News, NPR, Outlook India, Politico, Reuters, TIME, The Economic Times, The Economist, The Globe and Mail, The Tribune, The Wall Street Journal, Toronto Star
- Right (2): Republic World, The Jerusalem Post