Diesel prices hit record highs, raising concerns about cost of everyday goods
Diesel fuel is widely used to transport products across the country, and experts say higher fuel costs can eventually lead to higher prices for consumers.
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Record-high diesel prices are raising concerns that everyday goods could become more expensive as shipping costs increase.
Diesel fuel is widely used to transport products across the country, and experts say higher fuel costs can eventually lead to higher prices for consumers.
Analysts say it may take time for increased transportation costs to reach store shelves. They point to the continuing war with Iran, disruptions to shipping through the Strait of Hormuz and supply constraints as major factors driving fuel prices higher.
In New Jersey, the average price for a gallon of regular gasoline is $4.42, according to AAA. That price is unchanged from last week, but some drivers worry fuel costs could continue climbing.
The record national average price for regular gasoline was $5.01 per gallon in June 2022.
