U.S. DIESEL SURGES ABOVE $6, INFLATION RISK BUILDS U.S. diesel prices hit a record $6.06 a gallon, with California approaching $8, as global supply disruptions tighten the market. With diesel crucial to shipping, agriculture and construction, higher costs risk feeding directly into consumer inflation just as seasonal demand rises. Continued disruption around Hormuz and Bab al-Mandeb could keep prices elevated for longer.(*Walter Bloomberg)