US diesel futures hit $5.03 per gallon, the highest since April 2022, as geopolitical conflicts and record-low inventories squeeze global supply.

US diesel prices hit record high over $5.90 amid Iran tensions. Crude oil reaching a new all-time high by December 31 at 9.5% YES.

Diesel prices remain high due to refinery outages, impacting demand. Crude oil reaching a new all-time high by December 31 at 10.5% YES.