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FOX Business
@FoxBusiness
The official Twitter page of FOX Business. Invested in You.
Joined July 2009
388 Following    880.4K Followers
Diesel just smashed a new national record above $6 a gallon, and the impact could reach Americans who never even touch a diesel pump. The fuel powers the trucks hauling groceries and packages, tractors working farms and heavy equipment building homes, meaning higher diesel costs can ripple through nearly every corner of the economy. The surge comes as the U.S.-Iran conflict disrupts shipping through the Strait of Hormuz, while Ukrainian strikes on Russian energy infrastructure and Russian diesel export restrictions add more pressure to global supplies. Now the spike is adding another affordability challenge ahead of the November midterms as Republicans campaign on lowering energy costs.
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