- US retail diesel prices topped $6.50 a gallon for the first time, extending a war-driven rally that is rippling through the largest economy.
- Diesel touches nearly every part of the economy, from trucks and agricultural equipment to power generators, boats, trains, and home-heating systems.
- BNP Paribas Chief US Economist James Egelhof discussed the US economic outlook and how fuel prices are impacting the economy.
Quotes
“US retail diesel prices topped $6.50 a gallon for the first time, extending a war-driven rally that’s rippling through the largest economy.”
“Most US drivers don’t pump diesel into their cars. But the fuel — which goes into trucks, agricultural equipment, power generators, boats, trains, and home-heating systems — touches nearly every part of the economy.”
“James Egelhof, Chief US Economist at BNP Paribas, discusses US economic outlook and how fuel prices are impacting the economy.”