Spiking diesel costs could make everything from shipping to groceries more expensive
Newsy
The pain of rising fuel costs is pinching American wallets, particularly when it comes to diesel. Most cars on the road don’t fill up with diesel, but it’s the lifeblood of some major industries.
The pain of rising fuel costs is pinching American wallets, particularly when it comes to diesel.
The average price for a gallon of regular gas on Tuesday was $3.79, up 30% from a month ago. And a gallon of diesel now costs more than $5, up nearly 40 percent.
Most cars on the road don’t fill up with diesel, but it’s the lifeblood of some major industries.
"It's really the commercial sector. So, any business that is using transportation either directly or indirectly," said Thomas Weinandy, Principal Research Economist at Upside. "Really any business that is receiving deliveries, they're having to pay diesel costs in some way."
Farmers depend on it too.
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