Diesel hits all-time high of $6 per gallon

Since the war with Iran began in late February, the nationwide average diesel price has soared by 60%.

“The cost of diesel gets into just about everything,” KPMG chief economist Diane Swonk said in a recent interview.

“From running a farm … [to the] cost of food, but also everything across the economy that’s shipped,” she said. When diesel prices rise, everything “gets that extra fee tacked onto it.”

Swonk predicted that the high cost of diesel will be an “inflationary problem” for months to come.

Since late July, diesel prices have been rising higher and faster overall than the cost of