00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Diesel prices hit a record $5.85 a gallon in the U.S. on Friday,
00:06as the six-month war with Iran continued to disrupt global fuel supplies, according to AP.
00:12Diesel averaged about 3.76 before the war began in late February.
00:17Brent crude was trading above $95 a barrel Friday, up from roughly $70 before the conflict.
00:23Higher diesel costs are raising transportation expenses for groceries,
00:27clothing, furniture, and other goods moved by trucks, trains, and ships.
00:30Fuel accounts for roughly 15% to 30% of food costs, according to the Independent Grocers Alliance.
00:38Amazon, UPS, FedEx, and the U.S. Postal Service have already added some fuel-related fees.
00:44Regular gasoline averaged $4.15 a gallon, up from 2.98 before the war.
00:50Regular gasoline averaged $4.15 a gallon, up from $3.20 a year ago,
00:55and the first-time prices have topped $4 around Labor Day, according to ALYA.
01:00Prices remain below the record $5.02 a gallon, reached in June 2022.
01:05For all things money, visit Benzinga.com.
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