FOX Business' Stuart Varney discusses the rising cost of diesel as economic recession fears grow.
One of the most important inflation indicators is the cost of a tankful of diesel. The national average is now at a record high: $5.32 a gallon. Up roughly 40% from a year ago.Diesel is used by farmers, truckers, construction workers. It’s a baseline cost for any enterprise. It’s a cost that is passed along. You may not buy diesel yourself, but you'll pay for it.The Biden team is thrashing around. They released oil from the strategic reserve.
FOX Business host Stuart Varney discusses the rising price of diesel under the Biden administration during his"My Take" on May 2, 2022.An ABC/Washington Post poll shows 94% "concerned or upset" by inflation. Imagine how bad it will be if diesel brings us double-digit inflation this summer!Don't be surprised if Bernie Sanders demands price controls!
How many of the beltway crowd have ever filled up a tractor or a backhoe with $5 diesel! The elites wouldn't be caught dead at a truck stop. Out-of-touch.
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