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Diesel Hits $6 for First Time. What It Could Mean for the Economy
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Diesel tops $6 a gallon in Richmond, as inflation ticks up
Diesel prices topped $6 a gallon in Richmond and other parts of Virginia on Friday, while inflation ticked up because of rising costs for energy and housing, setting the stage for a likely increase in interest rates by the Federal Reserve Board next week.
·Richmond, United States
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The cost of diesel exceeded $6 per gallon for the first time in the history of the United States. This circumstance could raise the likelihood of more intense inflation, fueled by energy prices, before the period of higher consumption of this fuel. According to the American Automotive Industry Association, the price of diesel is ...
Prices in the US rose 3.4% in the 12 months to August, according to the latest official figures.
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Total News Sources4
Leaning Left0Leaning Right2Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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