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Diesel Hits $6.50 as Global Supply Pressures Build
A quiet week for economic data is being overshadowed by rising diesel prices, new refinery strikes in Russia, and uncertainty over how long global fuel pressure can last.
Chuck Zodda and Mike Armstrong discuss why diesel has climbed above $6.50 for the first time, how attacks on Russian refineries and Middle East disruptions are tightening global supply, and why high diesel prices hit the economy differently than high gasoline prices. They also break down the impact on home heating oil, food costs, trucking, and household budgets, plus the Paramount and Warner Brothers Discovery merger…
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