Diesel prices in the U.S. broke a new record high this past weekend, as the U.S. and Israel’s continued war on Iran has led to a rapid increase in worldwide fossil fuel costs over the past six months. On Friday, a gallon of diesel gas surpassed $5.85, the highest price ever recorded. The increased fuel costs will likely translate into higher prices for consumer goods, since many of the…
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On Sunday, Transportation Secretary Sean Duffy baselessly assured Americans that gas prices would be lowered immediately upon resumption of oil shipments through the Strait of Hormuz, which have been severely restricted due to the U.S. and Israel’s war on Iran. Duffy’s claim, however, contradicts public reports from other agencies within the Trump administration, which have noted that…
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As oil prices surge amid the U.S.’s continuing war on Iran, a new government report suggests it could be several months — and perhaps even years — before the cost of consumer-grade gasoline drops below $3 per gallon again. As of Thursday morning, the average price of regular grade gasoline is $3.884 per gallon, a 32 percent increase from where costs were just a week before the start of the…
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