It's not just gasoline. Diesel reacting 'more aggressively' to oil price jump amid Iran war.

Group 1 - Diesel prices have surged significantly, reaching $4.16 per gallon, an increase of $0.41, while gasoline prices have also risen to $3.25 per gallon, up $0.27 [1][4] - The ongoing conflict in the Middle East has caused disruptions in key shipping corridors, particularly the Strait of Hormuz, affecting diesel markets more than gasoline due to their global sensitivity to shipping risks [2][3] - Higher diesel prices are expected to impact consumer prices as they influence transportation costs, particularly in long-haul trucking, which accounts for approximately 70% of US freight movement [3][4] Group 2 - The recent spike in diesel prices may not immediately affect consumer prices due to existing fuel surcharges in trucking contracts, but the impact will become evident upon contract renewals [4] - Oil prices have reached their highest levels since 2024, with Brent crude futures rising over 3% to near $84 and West Texas Intermediate crude gaining more than 4% to above $77 [5]