Ukraine's increasingly successful attacks on Russian oil refineries are rippling through gasoline and diesel energy markets worldwide.

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.

For U.S. consumers, the rising cost of diesel is likely to result in higher retail prices for everything from produce and toys to lumber and apparel.

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