Diesel prices squeezing the economy
High diesel prices are pushing up the cost of nearly everything, which is bad news for shoppers and anyone watching inflation.
- Diesel is running over $8 a gallon in California, mostly because of state taxes.
- Nationwide, diesel sits above $6 — far higher than regular gas.
- Diesel moves almost all goods, from Amazon packages to boxes of strawberries.
- When trucking costs rise, those costs land in store prices for everyone.
Outlook: As long as diesel stays this expensive, prices on everyday goods will keep climbing.