Diesel Hits $5 as Global Supply Tightens | Business and Finance News

Diesel just hit $5 a gallon—thanks to soaring oil prices and shrinking refining capacity. This surge dashes hopes that inflation is cooling, as energy costs remain a major drag. With diesel powering trucks that deliver everything from food to clothes, higher fuel prices mean higher prices for goods. Gasoline is creeping toward $4 a gallon too. The culprit? Global turmoil: renewed conflict disrupting shipping and drone strikes crippling Russian refineries. Oil benchmarks are now at $84 a barrel internationally and $78 in the U.S.—a stark reminder that energy costs are far from over. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9a25e2e9e4e28e79