U.S. Diesel Tops $6

Diesel hit a record $6 a gallon as oil rose on Middle East tensions.

•Center & Right

Live Updates: Diesel hits record $6 a gallon as, reports say, Iran-backed Houthis take key Red Sea territory

U.S. Diesel Prices Hit Record High

Interest rate hike likely as oil and inflation ding stocks

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The reporting

A neutral summary of the key facts most outlets agree on, drawn from reporting across the political spectrum.

U.S. diesel prices topped $6 a gallon for the first time, reaching a national average of $6.06 Friday, up from $5.98 Thursday and $5.85 a week earlier. Oil retreated but posted sharp weekly gains: Brent settled at $104.61 and WTI at $100.05 after Brent briefly topped $108 Thursday. The gains followed disrupted crude flows through the Strait of Hormuz and reports of Iran-backed Houthi advances along Red Sea routes. The S&P 500 fell 0.6% Thursday, its fourth straight loss, as higher energy costs raised inflation concerns.

Analysis & opinion

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Diesel Fuels InflationMostly Center

Record diesel prices are making everyday costs worse by raising the expense of moving goods and running supply chains. Those higher transportation costs will ripple through the economy, pushing up prices for many goods and services.