Record Diesel Prices Stoke Inflation

“The record price of diesel threatens to stoke inflation at a time when consumers are already price-sensitive and businesses are reeling from higher costs due to trade tensions,” Axios reports.

“Diesel is a key cost throughout the supply chain, meaning soaring prices could eventually show up in what consumers pay for everything from groceries to household goods.”

”The national average price of a gallon of diesel topped $6 for the first time ever… That’s up 60% from a year earlier.”

Financial Times: U.S. diesel hits record $6 a gallon on Iran supply shock.