Mmastodon BusinessEconomy first seen 15 h ago, last 11 h ago, peak #2

Diesel prices emerging as hidden economic worry amid Iran war

Original: Everyone knows how much gasoline prices matter. The recent spike in gas prices triggered by the war with Iran has fueled

The spike in gasoline prices triggered by the war with Iran has deepened pessimism about the US economy and weighed on President Donald Trump's approval ratings. Commentators warn that diesel fuel — the lifeblood of shipping and agriculture — may be the bigger problem, since rising diesel costs feed directly into the price of nearly every good consumers buy.

Why now: The Iran conflict is pushing fuel prices up, raising concerns about broader economic damage and Trump's approval ratings.

Donald TrumpIranUnited States

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Evidence

• Everyone knows how much gasoline prices matter. The recent spike in gas prices triggered by the war with Iran has fueled deep pessimism about the economy and weighed heavily on President Donald Trump’s approval ratings. But diesel fuel — the lifeblood of shipping, agriculture,… · vox@www.urbanmind.net · 7

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