Diesel Prices Climb to Fresh Record High
According to data from AAA, diesel prices surged to a fresh record high this week at $5.55 per gallon. This is up about 13 cents from the week prior and a whopping 78% higher than a year ago.
Elevated diesel prices are intensifying inflationary pressures and raising the costs of production for a variety of industries including farming and manufacturing.
The U.S. Bureau of Labor Statistics reported that inflation climbed to 8.3% in April. This was down slightly from the month prior but still a near 40-decade high. U.S. stocks were mixed following the latest CPI data...
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