The war in Iran, now in its seventh month, is upending global energy markets. With no end in sight, the geopolitical situation looks bleak, and this may not bode well for inflation going forward. Crude oil – both the US and global benchmarks – is above $100. Gasoline is also firmly above $4 per gallon and has risen almost 30 cents in the last month. But diesel prices could be the economy’s widow-maker in the coming months.
Revving Up Diesel Prices
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