BREAKING: US diesel prices officially rise to a record $6.20/gallon, now up +78% over the last 9 months. This has pushed diesel prices in California to a record $8.14/gallon, with some areas seeing price approach $9.00/gallon. The surge in prices comes as the US is officially in peak-diesel demand season with supply at historically low levels. Inflation expectations continue to push higher as a result.(The Kobeissi Letter)