With diesel prices remaining elevated, inflation is becoming that much harder to bring under control, placing more financial burden on American consumers.
Vehicles like trucks, tractors, trains, barges, and construction equipment—which are part of the commercial traffic—are mostly run on diesel. As such, the fuel is intricately linked to consumer inflation as their prices factor into the final cost of most products.
“The economic impact is insidious because everything moves across the country powered by diesel,” Tom Kloza, the global head of energy analysis at the Oil Price Information Service, told The New York Times. “It’s an inflation accelerant, and the consumer ultimately has to pay for it.”…