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U.S. diesel prices climbed above $6.50 a gallon for the first time on record, reaching a national average of $6.510 per gallon on Monday amid ongoing U.S.-Iran war effects and Ukrainian attacks on Russian refineries.
U.S. diesel prices pushed to a fresh record above $6.50 a gallon, with the national average at $6.51 on Monday.
The University of Michigan’s preliminary September consumer sentiment index fell to 47.8 from 51.7 in August, the second-lowest reading in the survey’s history. Expectations dropped more sharply than current conditions, while year-ahead inflation expectations rose to 4.6%.