The overlooked Russia-Ukraine war grows its outsized impact on energy as U.S. diesel prices hit all-time high

U.S. retail diesel prices have reached an all-time record high due to tightening global supply. This surge is driven by the escalating Russia-Ukraine war, specifically through Ukraine's increasingly successful attacks on Russian oil refineries. These strategic strikes are creating significant ripples across worldwide energy markets, impacting both gasoline and diesel availability. The situation highlights the outsized influence of the conflict on global energy costs as supply chains face continued pressure from these targeted refinery disruptions.