Transport Companies Sound Alarm as Diesel Hits Record High
Source Summary
Diesel fuel prices reached an all-time high of $6.31 per gallon on Wednesday, prompting transport companies to raise concerns about the impact on their operations. Diesel powers trucks and trains that form the backbone of the economy.
Why it matters
Record diesel prices directly increase operating costs for transport companies that move goods and people across the economy, with potential ripple effects on inflation and supply chains.
