Gas prices move up and down in response to disruptions in supply and spikes in demand. Many global events such as conflicts, sanctions or decisions by major oil producing countries can limit or create uncertainty about the supply of oil.
\n\nGas prices are displayed at a gas station in Mount Prospect, Ill., Thursday, Sept. 3, 2026. (AP Photo/Nam Y. Huh)
\n\nA nozzle pumps diesel into the fuel tank of bus in Orange, Calif., Tuesday, April 7, 2026. (AP Photo/Jae C. Hong, File)
\n\nCHICAGO (AP) — Diesel hit a record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time as the six-month war with Iran disrupts the world’s flow of fuel.
\n\nBecause diesel is used for many freight and delivery networks, higher diesel prices mean higher transportation costs for a long list of everyday goods. Some businesses have already passed on costs to consumers in the form of added fees on online orders and packages in the mail. And shoppers may see more and more sticker shock trickle down to store shelves.
\n\nOne of the most immediate strains is being felt in the grocery aisle, particularly with produce, meat and other perishable…
Original source: https://apnews.com/business