US diesel tops $6.50 a gallon as wars worsen global fuels crunch

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US retail diesel prices hit a record $6.50 a gallon, driven by the US-Iran war and Russian export bans. This impacts the economy and could affect midterm elections. By Bloomberg US retail diesel prices topped $6.50 a gallon for the first time, extending a war-driven rally that’s rippling through the economy. Average nationwide prices rose to $6.505 as of Saturday, according to the American Automobile Association. The pace of increases has accelerated in September — gaining more than 87 cents so far this month — with prices rising almost every day and surging beyond the peak set in 2022. Global…

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