This one thing is pushing up the price of almost everything you buy
CNN
Diesel moves nearly everything that is grown, processed or manufactured across the U.S. and around the globe. And its price is still sky high.
Diesel plays an outsized role in consumer prices because it and its chemical cousins, jet fuel and maritime fuel oil, move nearly everything that is grown, processed or manufactured around the globe.
"Diesel is what powers trucking. It is what powers our global economy," said Joseph Sykora, equity analyst at Aptus Capital Advisors. "It can't be ignored in terms of how it's a feed-through into what things cost."
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