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Record U.S. diesel prices complicate bitcoin and gold outlook
Record diesel prices could feed through to consumer price inflation, confirming more Fed rate hikes. The central bank appears determined to raise rates into a oil supply shock.
5 Articles
5 Articles
Illustrative image Photo: PexelsMedium diesel price in the US reaches record US$6.29 per gallon and wide inflation fears
The previous highest diesel price, recorded in April, was surpassed by 0.6 cents.
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U.S. diesel prices hit record high as bitcoin and gold struggle
U.S. diesel prices hit record high as bitcoin and gold struggle Record diesel prices could feed through to consumer price inflation, confirming more Fed rate hikes. The central bank appears determined to raise rates into a oil supply shock. U.S. diesel prices surged nearly 80% this year to a…
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