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

Source: International Business Times

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.