WSJ:Rising Diesel Prices 'Ominous' for Truck-Delivered Goods
[Dow Jones Newswires, 14 February 2022] - The US reported 40-year-high inflation rates of 7.5% for January, and rising oil and fuel prices now threaten to accelerate price hikes even more as companies pass on transportation-cost increases to the consumer. The Lundberg Survey reports a 21-cent spike in retail diesel prices over the past three weeks to $3.91 a gallon, a move it says is "ominous for near term prices of truck-delivered goods." A year ago, diesel prices were under $3 a gallon. The US Census Bureau says trucks transport more than 70% of the value of all goods shipped in the US. ( )


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