Diesel Hits Record $5.85

It's been Zynga bringing Wall Street to Main Street. Diesel prices hit a record 585 a gallon in the U.S. on Friday as the six month war with Iran continued to disrupt global fuel supplies, according to AP. Diesel averaged about three point seventy six before the war began in late February. Brent crude was trading above ninety five dollars a barrel Friday, up from roughly seventy dollars before the conflict. Higher diesel costs are raising transportation expenses for groceries, clothing, furniture and other goods moved by trucks, trains and ships. Fuel accounts for roughly 15 percent to 30 percent of food costs, according to the Independent Grocers Alliance. Amazon, UPS, FedEx and the U.S. Postal Service have already added some fuel related fees. Regular gasoline averaged four dollars and fifteen a gallon, up from two point ninety eight before the war. Regular gasoline averaged four and fifteen a gallon, up from three dollars and twenty a year ago. And the first time prices have topped four dollars around Labor Day, according to ALAA. Prices remain below the record five dollar oh two a gallon reached in June twenty twenty two. For all things money, visit Benzinga dot com.