Diesel prices have hit an all-time high as the wars in Iran and Ukraine disrupt global fuel supplies.

US diesel prices hit $5.7832 a gallon, just three cents off the 2022 record, as Middle East and Russian supply losses squeeze fuel markets.

Diesel averaged $5.78 a gallon Thursday, up more than 53% since the war with Iran began in late February

US Iran war: Diesel fuel has reached an unprecedented average price of $5.85 per gallon. This surge is directly linked to the ongoing six-month conflict with Iran. Higher fuel…