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US diesel prices rose above the $6 per gallon mark for the first time ever, increasing the risks of worsening energy-driven inflation ahead of the usual peak period for fuel demand.
The nationwide average price of diesel reached $6.0556 per gallon, while the price in California approached $8 per gallon, according to CNN.
Diesel, which serves as the primary working fuel of the global economy, is used in fields ranging from electricity generation, home heating, and agricultural equipment to heavy trucks and freight trailers.
Although few Americans are directly exposed to diesel prices in their daily purchases, it is a key input in food prices, shipping, and construction costs, meaning the impact of record fuel prices will ultimately trickle down to consumers.
Diesel demand also rises as autumn approaches, amid increased fuel consumption for heating and agricultural purposes.
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