Price of gasoline also sets new record for Labor Day weekend ahead of crucial midterm elections in November.

Gas prices may reach as high as $4.03 a gallon over the holiday weekend, one expert warned

US diesel prices hit a record $5.820 amid tensions with Iran and Ukraine. Crude oil reaching a new all-time high by December 31 at 10.5% YES.

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…