The Overlooked Factor Making Everything More Expensive The recent surge in diesel fuel prices has sparked a flurry of headlines about the impact on truckers, farmers, and other industries that rely heavily on this vital commodity.
However, as we examine the story more closely, it becomes clear that the ripple effects of these price spikes are far reaching and insidious. High diesel prices lead to stealthy inflation of everyday goods.
Researchers at Brown University estimate that the extra cost paid for diesel between the start of the Iran War and now works out to roughly $374 per US household.