Diesel, Iran and oil prices
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Analysts fear the U.S.-Israeli strikes and Iran's comprehensive response could push oil prices to their highest level since 2022.
If oil prices remain high for some time, the knock-on effects could affect the costs of fuel and food
Spiking prices at the pump are frustrating farmers, long-haul truckers and other big consumers of diesel fuel in the U.S. In futures markets, diesel-fuel prices climbed 23% in the first two days of the week to $3.
Rising diesel costs hit Santa Barbara fishermen and construction workers, with local prices among the highest in the nation.
By Nicole Jao and Shariq Khan NEW YORK, March 4 (Reuters) - Average U.S. retail diesel prices surpassed $4 a gallon for the first time in nearly two years on Wednesday and are set to rise further later in the week as the U.
The average price of gas since Monday is now up 36 cents in Florida and 25 cents nationally as the Iran war, which triggered the increases, continues.
The average price of regular gas in Florida has now risen 31 cents a gallon since Monday. The spike in diesel could raise prices for other goods.
Oil prices rose about 1% on Wednesday as U.S.-Israeli strikes on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump suggested the U.S.