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Diesel Prices Are Soaring. Here's Why the Cost of Almost Everything Could Rise Next.

Diesel
International Business Times Fews App News Provider
Fews App Post Time ha 20h

Diesel futures have climbed to roughly $100 above crude oil prices, an unusually wide gap that reflects a global shortage of refinery capacity rather than simply a lack of crude. Justin Sullivan/Getty Images/Getty Diesel prices are surging as geopolitical conflicts squeeze global fuel supplies and expose a shortage of refining capacity, creating new inflation risks for U. S.

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