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flag Diesel prices spiked 22% to $4.60/gallon in early March 2026 due to supply shortages, high heating oil demand, and global conflicts, raising costs for freight and goods.

flag Diesel prices surged 22% to $4.60 per gallon in early March 2026, outpacing gasoline’s 16% rise, due to tight supply, high demand for heating oil in the Northeast, and global energy market disruptions from conflict in Iran. flag As diesel powers most freight trucks, construction equipment, and agricultural machinery, rising costs are increasing transportation and production expenses, threatening to raise prices for everyday goods. flag Small trucking companies face financial strain, with some at risk of cutting services or raising fees. flag Analysts predict diesel could reach $5 per gallon, signaling broader economic impacts on inflation and household budgets.

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