Crude oil is the biggest driver ​for fuel prices, and benchmark crude futures have climbed back above $100 a barrel on the intensification of conflict between the U.S. and Iran.

Industries that depend on ​diesel were already feeling the impact when crude oil futures on Thursday hit their highest level since mid-May. Brent settled at $107.63 ⁠a barrel and West Texas Intermediate futures at $102.48 a barrel.

"Every truck, every delivery, every package, every grocery run just got more expensive," GasBuddy analyst Patrick De Haan said ​on social media site X.

"Record diesel prices will impact every cargo, shipment, every delivery Americans are taking, and are likely to reignite inflation up and down the supply chain," ​he said.

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[–] [S] 6 points 2 days ago (1 child)

I'm so thankful I no longer have oil heating for my home. It was already incredibly expensive to heat a house that way, but now? Holy shit.

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