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US diesel prices soar to almost $5 as Iran war pinches global supply.

Rob, if you can pull up the AAA gas prices for the last 30 days while I'm reading this

article, that'd be great.

U.S. diesel prices have jumped to more than a third, more than a third over the past

month to almost $5 a gallon as the war in Iran.

Average diesel prices at the pump $499 on Monday, a 30 percent 37 percent increase a month ago as the

blockage of Strait of Hormuz chokes energy supplies it marks the highest price for diesel a fuel that is

vital for industry since the aftermath of Russia full-scale invasion of Ukraine in 2022 diesel costs rocket and float back down, said Ed Hears and energy economists at the University of Houston.

The only thing that Donald Trump's administration can do is finish this war.

The diesel surge is pushing up costs for motorists and farmers threatening to trigger spiraling costs for consumers

across the world's largest economy at a time when the president is battling an affordability crisis,

Tom. So right now, diesel's $5 a gallon and gas is about gasoline, regular automotive gas,

is creeping up now. It's crossed $3.80 a gallon. This is going to start having a pinch on

the consumer. For everybody that says it's going to be runaway inflation, that's not correct.

This will be a short-term inflationary catalyst. However, frequently, when this is short-term,

people that are paying for transport, product makers, produce makers,

they'll eat a short-term increase because they don't actually don't want to raise prices on the consumer right away because that's how you lose market share. You know what I mean, Pat? You and I are making products at a company. Oh, diesel is up for a week.

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