The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022.
(Frederic J. Brown | AFP | Getty Images)
Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Diesel fuel is in short supply as prices surge — Here’s what that means for inflation
- Diesel fuel is in short supply as demand rebounds following the pandemic, while supply remains tight.
- Prices have surged to record levels, adding to inflationary concerns across the economy.
- The problem is especially acute on the East Coast, where prices have become “unhinged,” according to one analyst.
- “Diesel is the fuel that powers the economy,” said Patrick De Haan, head of petroleum analysis at GasBuddy
- Higher prices are “certainly going to translate into more expensive goods,” said De Haan.
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