Diesel tops $6 a gallon as Iran war fuels inflation

  • Diesel prices topped $6 a gallon on Friday for the first time on record.
  • Gasoline prices remained near their highest levels since 2022.
  • Six months into the Iran war, fuel costs showed limited spillover into food and clothing prices.

Six months into the Iran war, rising oil and gas prices are pushing inflation higher, with diesel surpassing $6 a gallon on Friday for the first time on record. Gasoline prices remain close to their highest levels since 2022. However, outside the gas pump and airline terminal, there are few signs that elevated fuel costs are raising prices across the broader economy, including for food and clothing.

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