“There’s just not enough diesel right now in Russia to export any volume of it, and that’s unfortunately a big problem for a global economy that sees almost every piece of heavy machinery needing diesel.”
Diesel hit $5.98 a gallon, up 61 percent from $3.71 a year ago. Brent is at $108. Almost everything you buy rides on a diesel truck, so this lands on furniture, groceries, and car destination fees whether you drive diesel or not. Expect the companies passing it on to keep the markup after prices fall.