⚠️ Diesel at Record Highs

The fuel that powers the U.S. supply chain has entered an unprecedented upward spiral:

Record prices: The national average for a gallon of diesel has surged to reach $6.50. In high-tax areas like California, the price is already close to $8.00 per gallon.

Why is it rising?:

The main cause is a global shortage of refined fuel triggered by the U.S.-Iran war, compounded by the prolonged Russia-Ukraine crisis—events that have damaged refineries and blocked key shipping routes.

The impact: Since trucks, trains, and cargo ships use diesel, this price increase is passed directly into the cost of food, medicines, and consumer goods, putting pressure on overall inflation.

#EconomiaGlobal

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