NewsDialy
A supply shock (a sudden disruption to available output from a key producer) tied to Iran has pushed US diesel prices to a record $6 a gallon.
Diesel powers farm equipment and freight trucks, and it runs the industrial machinery that manufacturing depends on, so a record pump price is also a record upstream cost for food and goods before they reach a store shelf.
The squeeze arrives as Americans are already navigating a broad affordability crunch. Most households never fill a diesel tank themselves.
They absorb the higher cost indirectly: through grocery prices and through delivery charges on goods that shipped by diesel truck. Agriculture and industry are the two sectors most directly exposed.
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